The JSE SME Rise Capital Matching roadshow, the JSE’s flagship small to medium sized (SME) programme is set to conclude its nationwide roadshows with a final event in Cape Town today, marking a significant milestone in the initiative’s journey.
The JSE is once again collaborating with the Western Cape Government and the Department of Economic Development and Tourism (DEDAT) to bring together high-growth SMEs seeking capital with capital providers looking to expand their investment portfolios in the province.
This year, the roadshow has expanded across the country, bringing vital capital matching opportunities to SMEs in Bloemfontein, the Free State and the Eastern Cape. This expansion has been pivotal in promoting inclusive economic growth by ensuring that all regions, including smaller provinces have access to the necessary resources and opportunities to flourish. This strategy not only invigorates local economies but also encourages balanced regional development, reducing economic disparities, while fostering a more inclusive and resilient economy.
“This year, we have seen an encouraging turnout from both funders and SMEs, highlighting the growing need and market readiness to fuel the much-needed growth of SMEs across the country. As we continue to act as a convener for the sustainable prosperity of SMEs in South Africa, at the JSE, we reaffirm our commitment to driving economic growth and look forward to the continued Rise of South Africa’s SME sector,” says Cleola Kunene, Head: SME Development at the JSE.
The 2024 roadshow kicked off with a capital matching event in East London, where seven funders engaged with 59 SMEs, creating a dynamic environment for networking and investment opportunities. The energy and enthusiasm were palpable as entrepreneurs pitched their innovative ideas, leading to several promising connections as well as funding. The roadshow is concluding in the bustling city of Bloemfontein, where 42 SMEs will engage with six funders.
Having launched the inaugural event in Cape Town last year, the JSE recognises the importance of extending their reach to other regions. The roadshow has visited three cities, offering tailored support and resources to SMEs in areas that often lack access to such opportunities. And now, the roadshow returns to Cape Town symbolising the full circle of the JSE’s journey in driving the growth of South Africa’s SMEs.
“The Western Cape’s ambitious G4J Strategy aims to unlock a trillion-rand economy that’s vibrant, inclusive, and resilient, and growing for more employment opportunities for our people. By fostering a business-friendly environment, where it is easier to do business, and leveraging partnerships, we can empower the private sector to drive growth and create more jobs. Our collaboration with the JSE is a good example of what can be achieved through public-private partnerships. We remain excited about building on this momentum to propel SMMEs in the Western Cape forward, so they can serve as examples for both emerging businesses and entrepreneurs,” says Dr Ivan Meyer, the Western Cape Government Minister of Agriculture, Economic Development and Tourism.
