http://www.nextbillion.net/newsroom/2006/05/24/let-business-angels-work-their-miracle Comments for "Let ‘business angels’ work their miracle" en http://www.nextbillion.net/newsroom/2006/05/24/let-business-angels-work-their-miracle <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> May 23, 2006 - 13:00, </span> <span class="flexinode-textfield-14"> Business Day</span> <div class="form-item"> <label>Story Link:</label> <a href="http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A204188">http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A204188</a> </div> <div class="flexinode-textarea-6"> SINCE 1994, the South African government has invested significant political capital in the support of small and medium-sized enterprises (SMEs). This is because SMEs are recognised as key contributors to both growth and employment, contributing 30% of the country’s gross domestic product and almost 70% of private-sector employment. Government intervention in this sector has included the provision of wholesale finance and nonfinancial support services. The 2005 and 2006 budgets have also given support to SMEs through the tax system, streamlining VAT procedures and raising qualifying tax thresholds for small businesses.<br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2006/05/24/let-business-angels-work-their-miracle#comment Business Development Financial Services Sub-Saharan Africa Wed, 24 May 2006 14:54:26 -0400 John Paul 2727 at http://www.nextbillion.net