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NEWS
Henley offers scholarships to investigative journalists
Henley offers scholarships to investigative journalists

5 trends that can keep the South African MBA relevant
5 trends that can keep the South African MBA relevant

We need to realign government, business and civil society
We need to realign government, business and civil society

Life as a full-time MBA student
Life as a full-time MBA student

Brexit delay provides breathing space for SA
Brexit delay provides breathing space for SA

MSA joins the ADvTECH family
MSA joins the ADvTECH family

SA plunges to 117 out of 149 in gender wage equality
SA plunges to 117 out of 149 in gender wage equality

UCT’s Executive MBA recognised for its distinctive approach
UCT’s Executive MBA recognised for its distinctive approach

GIBS Executive MBA programme debuts in top 50
GIBS Executive MBA programme debuts in top 50

Can Africa fill the glass?
Can Africa fill the glass?

YALI AFRICA launch at Unisa
YALI AFRICA launch at Unisa

The fake resurrection of South Africa
The fake resurrection of South Africa

Don't panic: The digital revolution isn’t that unusual
Don't panic: The digital revolution isn’t that unusual

Why Agile works
Why Agile works

How firms can avoid the mediocrity trap
How firms can avoid the mediocrity trap

How a 100000-strong company is relearning how to innovate
How a 100000-strong company is relearning how to innovate

The changing shape of the MBA
The changing shape of the MBA

Adding climate change to curriculum is a top priority
Adding climate change to curriculum is a top priority

The MBA should turn you into a business disruptor
The MBA should turn you into a business disruptor

Innovation in SA organisations driven by C-level support
Innovation in SA organisations driven by C-level support

UNISA SBL a torch-bearer of training for military veterans
UNISA SBL a torch-bearer of training for military veterans

Scaling up the MBA for relevance in the 4IR
Scaling up the MBA for relevance in the 4IR

Moody's: SA not out of the woods yet
Moody's: SA not out of the woods yet

GIBS manufacturing-focused MBA kicks off in Durban
GIBS manufacturing-focused MBA kicks off in Durban

Henley’s Makhoalibe selected for sought-after programme
Henley’s Makhoalibe selected for sought-after programme

Personal potential, a source of power
Personal potential, a source of power

Reach your business leadership potential with a MBA from WBS
Reach your business leadership potential with a MBA from WBS

MPC: SA needs a period of stable interest rates
MPC: SA needs a period of stable interest rates

SA’s energy problems just the tip of the iceberg
SA’s energy problems just the tip of the iceberg

What's really driving disruption?
What's really driving disruption?

Why has there been such a failure of leadership?
Why has there been such a failure of leadership?

Steinhoff: Exactly where does responsibility stop and start?
Steinhoff: Exactly where does responsibility stop and start?

The cure for the loneliness of command
The cure for the loneliness of command

How to survive in the age of digital transformation
How to survive in the age of digital transformation

New MBA timetable starts in 2016
New MBA timetable starts in 2016

EVENTS
Henley MBA & PGDIP Preview Day
Henley MBA & PGDIP Preview Day
29 May 2019,
Pretoria

UCT GSB MBA Information Sessions
UCT GSB MBA Information Sessions
15 October 2019,
Johannesburg



06 NOVEMBER 2018
How SMEs can bolster growth in future-oriented industries

South African SMEs (small and medium enterprises) are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country’s GDP. In an effort to further grow this sector and boost a struggling economy, leading global financial services firm, J.P. Morgan has been supporting a number of companies to conduct in-depth research into the SME sector. The research aims to establish the impact of SME-development projects, what the challenges are and where the opportunities lie within this vital sector.

The companies supported by J.P. Morgan include Catalyst for Growth, Gordon Institute of Business Science (GIBS) Entrepreneurship Development Academy, Green Building Council South Africa (GBCSA) and Tshimologong Digital Innovation Precinct.

At a launch, held on Thursday 11 October 2018, the four companies shared findings on how small and medium business can bolster growth in future-oriented industries such as IT and the green economy, as well as a general look at the role and success of current business incubation.

“At the heart of all four research studies is a burgeoning optimism regarding the potential of both the IT and green economy sectors. The joblessness of a large majority in South Africa is a growing concern and prompted these partners to focus more heavily on future-orientated industries. There is a definite opportunity for the country to leapfrog based on experiences of other countries in these sectors,” says Sifiso Ndwandwe, executive director, Catalyst for Growth.

Ndwandwe added:

”Our research presents an analytical overview of the role of business development support in terms of SME performance and sustainability. We identified several key findings within the business development ecosystem. In particular, the increased support required for women and youth entrepreneurship; the role of business incubation within SMEs and advancing SMEs’ contribution to the national agenda.”

Lesley Williams, CEO of Tshimologong, said that in conjunction with Endeavor, a non-profit organisation that supports high-growth entrepreneurs across the world, the current state of the community of software entrepreneurs was researched, as well as where opportunities exist to further grow this community: “A key driver was to identify how to assist this sector to generate jobs and contribute further economic value. Of particular importance was finding ways to assist medium-sized businesses to transition to larger entities.”

The research found that through digital innovation hubs, such as Tshimologong Digital Innovation Precinct, support for early-stage start-up companies does exist. Later-stage support is more limited and reliant on involvement from venture investors. Williams says that the role of digitisation has the potential to catapult small and medium businesses forward, but that they need assistance at every level: “Johannesburg has fewer technology-focused businesses than Lagos and Nairobi, but is more productive in relative terms. Yet the local community is not seen as cohesive or one that communicates successfully. This is especially prevalent within successful entrepreneurs, where very little is shared across an entrepreneurial network.”

Research conducted by The Green Building Council South Africa (GBCSA) looked to uncover the challenges and barriers to SMEs entering the green economy. Dorah Modise, GBCSA, CEO said: “We have conducted research and developed a capacity building programme to enable SMEs to better understand and implement green building and sustainability practices in their business. The strategy is to assist start-ups to enter the green economy and overcome the barriers to entry of this market. One area we are addressing is the knowledge gap for SMEs, assisting them to identify and meet clients’ green requirements.”

Dr Kerrin Myres, senior lecturer at GIBS, says that the development of a greener economy is recognised globally as imperative. The Institute conducted research into the green economy, looking to better understand how to develop this sector: “We knew that SMEs lacked green skills and this impacted the development of these strategies within these businesses. GIBS identified a need to stimulate the growth of sustainable small enterprises, especially for young entrepreneurs, who remain the demographic least likely to be employed in mainstream economy.”

The collective research across the four organisations can be accessed here:

Source:

Gordon Institute of Business Science
Making an impact to significantly improve the competitive performance of individuals and organisation through business education to build our national competitiveness. GIBS is a leading business school in the heart of Sandton’s business hub, offering a wide range of executive and academic programmes. Visit our InfoCentre or website.

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