Old Mutual supports the SMME sector - key to economic growth in South Africa

Simpiwe Somdyala The small, medium and micro enterprises (SMME) sector is key to unlocking inclusive economic growth and development, and driving entrepreneurship is one of the priorities identified in the South African National Development Plan. To support this vital sector Old Mutua l has signed up as a gold sponsor of the 3rd Cape Media SMME Opportunity Roadshow , an initiative that connects experienced entrepreneurs and businesses with SMMEs to provide advice, support and opportunities. According to Simpiwe Somdyala, General Manager: Corporate Affairs, “Old Mutual, as a responsible business, recognises that the development of SMMEs contributes positively to the growth and sustainability of South Africa – and also our business.” Old Mutual has a long history of supporting the sector and making a positive impact. During 2016, the company provided about R2 billion in SMME financing and R40 million was committed to the SA SME Fund launched by the CEO Initiative. A further R142 mill...