Ramaphosa: SMEs the way to create large-scale jobs, not factories or mines

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Ramaphosa: SMEs the way to create large-scale jobs, not factories or mines
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President Cyril Ramaphosa says the focus must also be on developing young people with skills to give them the opportunity to enter the job market.

JOHANNESBURG - President Cyril Ramaphosa says that government can no longer rely on factories and mines to create large-scale jobs, adding that small and medium enterprises is the new way.

A number of CEO's have already agreed to mentor and fund new business people who don't have the financial backing. "I have heard the stories of how South African Breweries, for instances, goes out into the farming areas and finds the old mamas and old papas and help them to farm, helps them with funding."

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