State of the Small and Growing Business Sector in South Africa


Since its founding in 2009, the Aspen Network of Development Entrepreneurs (ANDE) has tracked the state of the small and growing business (SGB) sector globally through its bi-annual State of the Sector reports.  One of the most dynamic markets for small business growth is South Africa. The South African entrepreneurial ecosystem requires innovative solutions to increase the available finance, improve access to markets, reduce bureaucratic burdens, and strengthen the capacity of small businesses and start-ups. This report examines the state of the SGB sector in South Africa as of 2023 by assessing the amount and type of financial support available to enterprises, the type of capacity development offered, and trends in the policy landscape that affect the entrepreneurial ecosystem. The report concludes by highlighting the activity of ANDE and its members active in the country.