Innovative cross-border payment platforms key for promoting SME agility
- SMEs contribute over R900 million to the South African economy.
- SMEs face challenges such as access to finance, electricity constraints, competitive markets, and skills shortages.
- SMEs must strive to make a meaningful impact on their communities and navigate the evolving economic landscape.
SMEs play a vital role in the South African economy, contributing significantly to its growth and development. However, they face numerous challenges that threaten their sustainability. It is crucial for SMEs to adapt to the evolving economic landscape, embrace innovation, and implement strategic financial management practices to ensure long-term success.
