KIZITO OKECHUKWU | FEB 24, 2020
As the Finance Minister prepares to deliver the 2020 National Budget speech, all eyes will be on government’s plan to collect its revenues and spend its budget. The budget is a platform where the nation gets clarity on how taxes have been allocated to various national priorities, such as infrastructure, education, health, social services, among others. The budget also helps in determining how citizens should tighten their belts in cases where there are increases in tax, etc.
Last week, I took some time to chat to a few startups and small businesses at the 22 on Sloane campus about what they expect to be addressed in the budget speech and these were their comments:
Kizito Okechukwu is the co-Chairperson of the Global Entrepreneurship Network (GEN) Africa; 22 on Sloane is Africa’s largest startup campus.
Each VAT debate risks becoming a road spike, not a revenue booster. As policymakers prepare for Budget 3.0, they must remember that SMMEs are not just line items, they’re the backbone of job creation and community stability. True survivors will be those spared from policy ping-pong, supported instead by clear and consistent VAT frameworks that empower rather than penalise the very businesses we rely on to drive South Africa’s economic revival...
READ MOREIn a time where job security is no longer guaranteed and economic uncertainty is felt across industries, the need to rethink how we view employment - it has never been more urgent. While we continue to value traditional employment, it has become increasingly clear that the formal job market cannot absorb the majority of South Africans, a reality that calls for a stronger emphasis on entrepreneurship...
READ MORE[mailpoet_form id=”1″]
Stay informed and receive timely updates on startup huddle industry events, business incubation opportunities, office space rental and more. Whether you're at ideation phase or an established entrepreneur, our newsletter has information you can use to succeed. Become a member of our startup community today!
22 On Sloane is the largest startup campus in Africa. The campus offers disruptive startups and innovative SMEs a complete turnkey solution to scale, from the initial idea all the way to commercialisation, funding opportunities and access to markets. Its aim is to nurture the entrepreneurial mindset, ensure their sustainability, and explore development of new industries and contribute towards job creation in Africa.
Email: info@22onsloane.co
Tel : 011 463 7602 (Joburg Hub)
Tel : 021 020 1303 (Cape Town Hub)
Cape Town Hub:
39 Somerset Road, Green Point, 8005, Cape Town, South Africa
Joburg Hub:
Cnr Winnie Mandela Drive and Sloane Street, Bryanston, 2191, Johannesburg, South Africa