Mastercard SME Index: 61% of SA SMMEs plan for growth

30 June 2021 - 10:00As the Covid-19 pandemic continues to put pressure ons financially and operationally in SA, six in 10 business owners say they are proactively planning for and expecting growth in the next year. This is according to the Mastercard SME Index, which surveyed 300 SMMEs in SA between April and mid-May 2021.

SMMEs in SA identified “upskilling staff for the future” as the top area that offers the highest growth potential for their businesses, closely followed by “better data, analytics and insights” . Mastercard is also focused on connecting 25-million women entrepreneurs. For many small businesses, reducing their dependence on cash through digital payments acceptance has played a big role in being able to get paid and maintain revenues.

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