TapTap
Micro traders need access to cashless payment. An essential part of receiving and spending money. TapTap makes it easier to do business on the street.
None cash payments, is a critical service that the banks could make available to hard working low paid service providers such a delivery drivers, car guards, gardeners, car wash etc.
What is a reasonable tip? The value of a loaf of bread. R20.00 or $1.00
The article highlights a report commissioned by the Shoprite Group, which underscores the need for focused support for female entrepreneurs in South Africa's Small, Medium, and Micro Enterprise (SMME) sector. Here are the key points:
Diversity in the SMME Sector: South Africa's SMMEs display notable diversity, but systemic challenges such as gender, age, geography, and education disparities hinder progress.
Gender Barriers: Female entrepreneurs often own smaller businesses and face more difficulties, including limited access to funding and networks.
Geographic Disparities: Economic activity is heavily concentrated in provinces like Gauteng and the Western Cape, while areas like the Northern Cape see minimal entrepreneurial growth.
Economic Impact: Mid-sized businesses significantly contribute to job creation and profitability, with 43.3% achieving net margins above 20%.
Call to Action: The report emphasizes the need for improved access to resources, infrastructure, and markets for female-led enterprises and less-developed regions.
Images are for illustration.
Elon Musk has reclaimed the title of the richest person in the world, per Bloomberg’s tally.
