Is entrepreneurship given the support it needs in SA?

Managing director of Simodisa, Matsi Modise says Finance Minister Pravin Gordhan gave a good speech which gave a sense of confidence to SMME's.

He allocated 3.9 billion that's going to be spent towards SMMEs and co-operatives. However, Modise says this allocation is a bit vague in that it doesn't specify how much is going to be put towards high impact, high growth businesses.

Modise says she would have loved to hear more about small businesses getting a bit of tax relief from the Minister and how government will be working together with small businesses.

Nothing was mentioned on red tape and efficiency of government because we believe that it is important that government is very efficient in supporting SMMEs.

Matsi Modise, Managing Director of Simodisa

Pravin Gordhan's message was around impact, collaboration and inclusivity, so we need to walk the talk.

Matsi Modise, Managing Director of Simodisa

To hear more from Modise talking about Gordhan's budget speech, listen below:


This article first appeared on CapeTalk : Is entrepreneurship given the support it needs in SA?


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Gordhan did as well as he could - analyst

Gordhan did as well as he could - analyst

Deputy Editor at FM (Financial Mail) says transforming the economy of SA should be a collective effort, not left to one person.

Mcebisi Jonas explains revenue shortfall, transformation agenda

Mcebisi Jonas explains revenue shortfall, transformation agenda

Economic growth and transformation were two key issues Minister Pravin Gordhan promised to address during his budget speech.

Pravin Gordhan explains his “Robin Hood” Budget Speech

Pravin Gordhan explains his “Robin Hood” Budget Speech

The Money Show’s Bruce Whitfield gets post-Budget analysis from the horse’s mouth.

Zero hint of 'radical economic transformation' in Budget Speech, says EFF

Zero hint of 'radical economic transformation' in Budget Speech, says EFF

EFF spokesperson Mbuyiseni Ndlozi says the Budget Speech has continued the same "ideological macro-economic planning" as before.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Mantashe: ANC happy with Budget Speech's emphasis on transformation

Mantashe: ANC happy with Budget Speech's emphasis on transformation

ANC says it is satisfied with Finance Minister Pravin Gordhan's carefully crafted Budget Speech which was delivered on Wednesday.

Budget speech lacked polices promoting economic growth - FNB economist

Budget speech lacked polices promoting economic growth - FNB economist

‎Economist at FNB South Africa, Mamello Matikinca, says it's clearly very difficult for government to narrow the fiscal deficit.

[WATCH] Budget Speech 2017

[WATCH] Budget Speech 2017

Finance Minister Pravin Gordhan has tabled the 2017 Budget in Parliament.

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Last chance for Spur's 2-for-1 burger special this Monday

Last chance for Spur's 2-for-1 burger special this Monday

Monday (March 27) is your last chance to sink your teeth into the popular burger special which Spur will discontinue from April.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.