Business Going Strong in South Africa

Business Going Strong in South Africa

Fintech start-up Lulalend released some interesting statistics at the end of last year on what happens in an average business day across South Africa.  Read about this and more in the Feb/March issue of Your Business Magazine which focuses on being more innovative and surviving and thriving in 2018.

  • 7.8 million people get ready for work at 650 000 SMEs across the country
  • 683 new SMEs are established
  • 868 new SME jobs are created
  • R11 billion in economic value is created
  • 15 million minibus commuter trips take place
  • 6 million people order coffee from an independent coffee shop
  • R101 million is spent on online transactions
  • 6.8 billion emails are sent and received

Against a landscape of tough economic times, it’s encouraging to see how much activity is taking place geared towards growth, particularly in the SME space. Visit www.bizmag.co.za

Leave a Reply