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Main Street Wednesday – Small and Medium Size Businesses to Create 90% of New Jobs by 2030

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October 8, 2014

By Bob Coleman
Editor, Coleman Report

MainStreetIn South Africa.

No matter the country, the debate is the same. What should the role of government be to assist Main Street?

Off the heels of our reporting this morning, the consensus of governments around the world is there is a proper role for government to assist small business owners and add to the respective nation’s employment base.

It has been a while since I’ve reported about what other nations are doing. It’s a fun, educational diversion to learn how others address the issue.

Now I confess, I am not an expert in South Africa politics, but this is an interesting quote, “Two key functions presumed to migrate to Small Business Development – providing access to funding and incubation of new businesses – are being contested by the ugly sisters. Under the watch of these these two ministers, both senior members of the South African Communist Party and known for their interventionist stance, policies and support for small business have failed miserably, hence the optimism from many quarters when the new department was announced.”

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