South Africa is taking center stage in a globally significant week for entrepreneurship and Micro, Small, and Medium Enterprises (MSMEs), as declared by Minister of Small Business Development, Stella Ndabeni. Addressing the Startup20 Midterm Engagement Group Meeting in Gauteng on Monday, Ndabeni described the moment as a “historic week” that promises new opportunities and bold strategies to empower MSMEs globally.
This pivotal week features a series of international gatherings, including:
- A Startup20 meeting that kicked off discussions around innovation and policy direction.
- A parallel meeting of Global Trade Promotion Organisations, hosted by the Department of Small Business Development (DSBD) alongside the Department of Trade, Industry and Competition.
- The upcoming Global SME Ministerial Meeting in partnership with the International Trade Centre, bringing together delegates from over 60 countries.
“These discussions will not only shape the global MSME agenda but position South Africa as a leader in driving inclusive economic transformation,” said Ndabeni.
Key focus areas of the global ministerial meeting include:
- Bridging the digital divide to equip MSMEs and startups with infrastructure, digital skills, and global competitiveness.
- Unlocking access to capital, particularly for women- and youth-led businesses, through inclusive financial systems.
- Promoting green entrepreneurship, encouraging MSMEs to adopt sustainable practices and become part of the circular economy.
- Shaping inclusive global trade policies, ensuring MSMEs gain fair access to global markets.
The event aims to produce a Call to Action, endorsed by the 60+ participating nations, outlining practical policy recommendations to be advocated within the United Nations system and the G20 MSME agenda.
Building on momentum from Brazil’s G20 presidency, South Africa seeks to formalize a dedicated G20 Working Group for MSMEs and Startups. Ndabeni emphasized that this week’s engagements will be instrumental in defining the terms of reference and long-term goals for this new international body.
The week also provides platforms for entrepreneurs to be heard.
“Some of you will be given the space to share your thinking with the delegates at the ministerial meeting,” said Ndabeni, highlighting the participatory nature of the proceedings.
In her closing remarks, Ndabeni reinforced the department’s vision:
“Together, we will build a more equal and sustainable future led by MSMEs and startups.”
As the world continues to reimagine trade, innovation, and entrepreneurship, South Africa’s role in shaping the MSME landscape places it at the forefront of inclusive global economic development.
