Scale-ups can help solve job crisis in SA

Heather Lowe Bolstering efforts to support high potential businesses to grow revenues and reach the next level of growth should be one of the solutions considered to help the country reach its National Development Plan (NDP) goals to create an estimated 11 million jobs by 2030. Scale ups are high potential businesses that have been resilient enough to outgrow challenges that many small businesses face in the start-up stages. These businesses stimulate high levels of entrepreneurial activity and can drive the creation of sustainable jobs. Heather Lowe, Head of Enterprise Development at FNB says the contribution of start-ups to economic growth and job creation is invaluable, but these businesses should not be neglected as they grow. High potential businesses still need support and mentorship in order to fulfill their legacies, contribute to sustainable economic growth and help the country to be more competitive. Lowe says there is a growing misconception that scale-ups are already...