SASMEF is committed to "DECENT WORK & ECONOMIC GROWTH": Global Goal No 8

South African Small Medium Enterprise Federation (SASMEF) is excited that The Global Goals were accepted. Specifically Goal 8 - which is what SASMEF is all about.

SASMEF Communications

Nov 16, 2015

On September 25 2015, 193 world leaders committed to 17 Global Goals to achieve 3 extraordinary things in the next 15 years. End extreme poverty. Fight inequality & injustice. Fix climate change. Global Goal Number 8 is "Decent work and Economic Growth". This is about "promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all".

South African Small Medium Enterprise Federation (SASMEF) is excited that The Global Goals were accepted. Specifically Goal 8 - which is what SASMEF is all about.

South Africa needs over 49 000 SMEs, growing at a rate of 20% per annum, to meet the National Development Plan (NDP) target of creating 11 million jobs by 2030. In comparison, the country would need no less than 8.2 million small and micro-enterprises to create the same number of jobs. This means South Africa needs the engine, SME's, to fire up and create jobs at a rapid scale.

SASMEF is committed to enabling the environment and SME's to scale up, grow and become sustainable. SASMEF is actively committed to this and the Global Goals and will drive the following agenda in support of this:

Be the "VOICE" for SME/SMME's to actively shape political and economic centres of power to promote and implement development-oriented policies that support growth and formalisation of informal-, micro-, small- and medium enterprises.
Identify, unpack and resolve "Big Audacious Issues" which stand in the way of the informal-, micro-, small- and medium enterprises to grow and be sustainable. This includes resolving effective access to financial services.
Working with the SMME sector to promote, facilitate and guide business to participate in the "future market" and achieve sustainable per capita economic growth.
Engage the sector to understand how to achieve higher levels of economic productivity through diversification, technological upgrading, innovation and knowledge work.
Improve the SME's awareness and response to operating business that supports a triple bottom line (economic, social and environment) and so decouple economic growth from environmental and social degradation.
Ensuring that the SME’s have a workforce that is represented fully by women and men, including young people and persons with disabilities, and equal pay for work of equal value.
Identifying, enable and support Youth based SME's and entrepreneurs, that will significantly reduce the 51% unemployment amongst the South African Youth (between 20 and 24)
Establishing innovative mechanisms to capacitate SME's through development and holding SME service providers accountable for sound outcomes.
Manage and collaborate on ensuring that the SME platforms are consistently adding value and moving the SME sector forward
To quote acclaimed US politician Jack F. Kemp, "Economic growth does not mean anything if it leaves anyone out.”

SASMEF is committed to making all participants in the sector, informal-, micro, small- and medium enterprise successful! If you would like to find out more about the Global Goals watch this video.

Join the Movement #imsme (I’m SME).


Desmond Seely