16 Sep

SASMEF launches new Executable Strategy

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Founded in 2012, the South African Small and Medium Enterprises Federation (SASMEF) is a national private social enterprise that unlocks resources from the political and economic centers as a catalyst for the creation and development of sustainable SME’s.


The Caban Group of Companies are represented on the SASMEF Board by Dave Romero (who is also the Federation Treasurer) and Dylan James.


At the September 2016 quarterly meeting of the board of Directors approved the Executable Strategy for SASMEF with the following purpose.


  • Develop (Create) an environment where SME’s are able to significantly contribute to a healthy economy
  • Enable political and economic environment for SME’s
  • Be the voice of SME’s within the country
  • Ensure seismic impact on the economy by SME’s
  • Secure and Manage Funding to ensure the programmes and operations is sustainably funded


Small businesses create more than 50 percent of all employment opportunities in South Africa, while contributing more than 45 percent of the country’s GDP. Small business is also the main driver of job creation. The National Development Plan envisages that by 2030 90% of new employment will be generated by the SME sector. But for this to become a reality there is much work to be done to ensure that there is a conducive business environment. Issues such as late payment of SME’s by both big business and government, excessive red tape and a general lack of mentorship for small business owners are key matters which need to be dealt with as a matter of urgency.


We are proud to be a part of this organisations and remain fully committed to their objective of developing a sustainable SME sector in South Africa.


For more information or to sign up as member visit www.sasmef.org.za or by dial *120*1449*901#

Read 837 times Last modified on Monday, 05 October 2015 11:06
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