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Small Business Growth Index (SBGI) FY2025 H2

The Absa Small Business Growth Index (SBGI) tracks the health, growth prospects, and challenges of South Africa’s small businesses, helping SMEs benchmark themselves against sector trends.

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About the Absa Small Business Growth Index (SBGI)

The 2025 SBGI is a vital tool for decision-makers and stakeholders to understand the SME sector in South Africa.

Overview

South Africa’s small, medium, and micro-enterprise (SMME) sector is a key driver of economic activity, employment and innovation. Of the estimated 2.67 million SMMEs in South Africa, approximately one-third operate formally, while two-thirds are informal. Collectively, the sector provides an estimated 11.4 million jobs, with small and medium enterprises (SMEs) comprising 91% of formal businesses, contributing around 60% of employment and approximately 34% of the national GDP. Despite their critical role in the economy, SMMEs face persistent challenges that inhibit growth and sustainability.
Partnership
In partnership with South African Chamber of Commerce and Industry (SACCI) and the Bureau of Market Research (BMR), the Absa Small Business Growth Index (SBGI) is designed to track the health, growth prospects, and challenges of South Africa’s SMEs.

Expert commentary: What the Index reveals

Our experts break down the latest insights, key trends, and impactful findings shaping the Absa Small Business Growth Index.

Meet the team

Our dedicated team of experts and partners whose passion and insight drive the Absa Small Business Growth Index forward.

Absa Business Banking

Lindo Mbanjwa

Head: Strategic Business and Partnership Development - SME Business, Business Banking

Vignesh Subramani

Managing Executive (Interim) - SME Business, Business Banking

South African Chamber of Commerce and Industry

Alan Mukoki

CEO, South African Chamber of Commerce and Industry

Danny Vengedasamy

Chamber Services Manager, South African Chamber of Commerce and Industry

Bureau of Market Research

Prof. Deon Tustin

CEO, Bureau of Market Research (Pty) Ltd at Unisa

Prof. Paul Kibuuka

Research Director, Bureau of Market Research (Pty) Ltd at Unisa

Dr. Requier Wait

Chief Researcher, Bureau of Market Research (Pty) Ltd at Unisa

Prof. Carel van Aardt

COO, Bureau of Market Research (Pty) Ltd at Unisa

Small Business Growth Index (SBGI) FY2025 H1

The SBGI seeks to foster job creation among young, unemployed South Africans, building the township and rural economy and contribute to sustainable small business development in South Africa.

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