Absa SME Index shows an improvement in self-employment levels

| 0 Comments

 

AbsaSMEindex.jpgThe Absa SME Index rose by 1.4 index points in the last quarter of 2012, up from its low of 92 reached in Q2 2012.  Self-employment grew by 1.1% over the last quarter and 2% over the last year in South Africa.

 

The index presents data extrapolated from Statistics South Africa’s information on various economic indicators that are issued regularly. It aims to provide valuable information on the current state of Small and Medium-size Enterprises (SMEs) in the country, including challenges to employment in South Africa.


According to the Index, South Africa showed an improving trend in the last quarter of 2012, attributed to a growth in self employment, which is estimated to be 1.2-million business people.


Focusing on franchising, the average private sector company employs about 13 people (incl. employer), while the average franchise employs 17.2 people (incl. employer).


Furthermore, franchises appear to remain in business longer than non-franchised businesses, which operate for less than five years on average. While the indicators in question do not provide definite information on the length of time franchises stay in business, the fact that many franchises are sold to new owners indicates a longer survival rate for franchises.


According to economist Mike Schussler, who compiles the Absa SME Index in partnership with Absa, some smaller, negative effects of the global economic down turn still linger and self-employment, despite growing, is still 2.5% below its recent highs.

 

The reality is that SMEs do not have an economist desk, they do not have a currency expert and they require access to solid and reliable information that will help them grow their businesses.


Through the SME Index, Absa aims to provide valuable information that will enable SMEs to make informed decisions; policy makers to draft relevant legislation; and inspire aspiring entrepreneurs to take the leap.


Absa is committed to the growth and prosperity of the South African economy and recognises the vital role that the franchise industry plays in creating wealth and employment opportunities. We believe in partnering with our franchise customers and to this end have established a dynamic team focused specifically on the franchise industry. Our aim is to gain an intimate understanding of the franchise industry and to use this knowledge to deliver competitive products and innovative solutions.


Read the a full report of the third publication of the Absa SME Index here.

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

 

Career opportunites

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Procurement Consultant
Salary: R500 000 - R500 000 per annum.Location: ...More

Fuel Logistics Manager

  • <500 000 Logistics & Warehousing Operations, Planning & Inventory Permanent Western Cape
Salary: R600 000 - R720 000 per annumLocation: ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Projects / Category Management Supply Chain
R650 000 - R700 000 per annum.Location: Johannesburg.A ...More

SENIOR BUYER

  • <500 000 Buyer Gauteng Permanent Supply Chain
R500 000 - R550 000 per annum,Location: Midrand,A ...More

Supply Chain Analyst

  • <500 000 Analyst Gauteng Permanent Supply Chain
Salary: R600 000 - R700 000 CTC per ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Supplier / Business Development Supply Chain
Salary: R600 000 - R700 000 per annum,Location: ...More

Demand Planner

  • <500 000 Gauteng Logistics & Warehousing Permanent Projects / Category Management
Salary: R450 000 - R550 000 per annum,Location: ...More

Demand Planner

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Salary: R500 000 - R500 000 per annum,Location: ...More

Warehouse and Distribution Manager

  • <500 000 Logistics & Warehousing Permanent Procurement Management
Salary: R650 000.00 - R850 000.00 CTC pa,Location: ...More

National Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
Salary: R900 000 - R1 000 000 per ...More

Procurement Specialist

  • <500 000 Gauteng Permanent Procurement Management Procurement Officer / Specialist
Salary: R380 000 - R420 000 per annum,Location: ...More

Supply Chain Analyst Lead

  • <500 000 Analyst Gauteng Permanent Supply Chain
Salary: R1 000 000 - R1 100 000 ...More

CIPS Tutor and Coordinator

  • Gauteng Permanent Projects / Category Management Supply Chain
Commerce Edge South Africa,Division: Commerce Edge Academy,Location: Johannesburg, ...More

Warehouse Manager

  • <500 000 Gauteng Industrial Engineer Logistics & Warehousing Permanent
Salary: R480 000 - R600 000 per annum.Location: ...More

Senior Buyer

  • <500 000 Buyer Gauteng Permanent Procurement Consultant
Salary: R600 000 - R650 000 per annum.Location: ...More

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Salary: R700 000 - R800 000 CTC per ...More

Warehouse Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
R400 000 - R480 000 CTC per annum.Location: ...More

Supply Chain Analyst

  • <500 000 Analyst Permanent Supply Chain Western Cape
R400 000 - R500 000 per annum.Location: Cape ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Consultant
R650 000 - R750 000 per annumLocation: Cape ...More

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Salary: R 800 000 - R 900 000 ...More