The Johannesburg Chamber of Commerce and Industry (JCCI) has reaffirmed its commitment to fostering the growth of small to medium-sized enterprises (SMEs) as a crucial driver of the Gauteng economy. Recognising their significant contributions to job creation, innovation, and economic development, the JCCI prioritises initiatives to nurture and support the growth of these businesses.According to Bernadette Zeiler, JCCI CEO, a report by the International Finance Corporation estimates that micro, small and medium enterprises constitute more than 90% of all formal business in the country, employing 50 to 60% of the workforce and contributing 34% of GDP. With this in mind, and with Gauteng emerging from the economic challenges posed by the Covid-19 pandemic, there is a growing recognition that the SME sector holds the key to revitalising and accelerating the region's economic growth. The JCCI, in collaboration with various stakeholders, has identified the importance of creating an enabling environment for SMEs to f lourish.Zeiler said the JCCI had developed and structured a global export accelerator model for SMEs. "This incubator has produced many success stories, with businesses increasing their turnover and staff complement. Businesses have also concluded new contracts in Africa and Europe. Zeiler explained that to support SMEs, assisting them with business mentorship and export training was essential. "The JCCI also aids with introductions to cooperative partnerships through the various exhibitions and trade missions we organise. Through our network of global chambers, we further assist small businesses to identify suitable markets of ent r y."According to Zeiler, the JCCI's goal remains to offer these and other niche specialist services to businesses, empowering them to compete locally and internationally."In 2022, we partnered with the City of Johannesburg to implement a trade council that assisted 200 SMEs. These businesses were all equipped with mentorship and exporting skills. The programme includes access to local and international markets, an essential aspect for SMEs wanting to grow exports."She said in 2023, the Chamber would continue its work with SMEs as it implements projects that allow companies to form partnerships and access new market linkages.
