Story

By Palesa Hlongwane
Hollard
During the month of March, I had the honour of conducting training sessions for Small, Medium, and Micro Enterprises (SMMEs) in Thaba Nchu and Botshabelo. The purpose of these sessions was to equip local entrepreneurs with essential financial management skills to improve the sustainability and growth of their businesses. 
Many small business owners in these areas are actively operating businesses but face challenges due to limited financial knowledge. A common concern expressed by participants was a lack of basic financial management skills, which has contributed to poor operational decisions and low business turnover. 
The BFS training aimed to improve financial literacy among SMME owners, strengthen business management practices, enhance decision-making through proper financial understanding and also emphasising the importance of accurate and consistent tracking of income and expenses. 
The training sessions in Thaba Nchu and Botshabelo were successful in addressing key financial management gaps among SMMEs. By equipping entrepreneurs with practical tools and knowledge, the programme contributed to strengthening local businesses and promoting long-term economic sustainability.