Local business accelerators, co-creative spaces and incubator hubs, offering support for entrepreneurs and fledgling companies, have been sprouting over the past few years.
This is not only because of the realisation that small- and medium-sized enterprises (SMEs) are critical to the economy and job creation, but also because of an important change in the broad-based black economic empowerment codes. Companies can get up to 40 points on the B-BBEE scorecard if they invest in the enterprise and supplier development of qualifying small businesses.
