Top 5 Sectors that Hold Opportunities for SMEs in 2019
Better times could be on the way and this will impact which sectors South African entrepreneurs choose to enter. This is according Byron Jeacocks, regional general manager at Business Partners Limited.
“The GDP data for the third quarter of 2018, recently released by Statistics South Africa, revealed that the economy has grown by 2.2 percent, quarter on quarter, indicating that the country is gradually starting to move out of its recessive state,” he says.
Entrepreneurs are in a good position to take advantage of this.
“This positive uptick is expected to boost entrepreneur confidence in the country particularly those operating in business sectors already showing more opportunities for small businesses and startups,” says Jeacocks.
While they will not be without challenges for the foreseeable future, the following five industries are likely to offer the best opportunities for small and medium enterprise (SME) owners to grow their enterprises in the coming year:
