
There Is A Small Business Funding Readiness Crisis In South Africa
SMALL BUSINESS FUNDING READINESS CRISIS
According to the SA MSME Access to Finance Report 2025, the number of black-owned, women-owned and youth-led businesses have increased since 2018, and are now driving a much larger share of MSME (Micro, Small and Medium Enterprises) funding applications. Black-owned MSMEs accounted for 83.7%