1. The SMMEs have insufficient information and awareness of available government services offered. 2. Lack of collaboration on development and training because of funding.
3. Lack of access to finance because of adequate equity capital and collateral often required by financial sector before they can fund small businesses.
4. Lack of interest by establishments to build partnerships with local communities and suppliers, the committee found there was some competition amongst businesses themselves. SMMEs were not complementing each other.
7. Government was not doing enough to support SMMEs development. The main challenge being the late payment, especially when one takes into account that cash flow is a critical element of a small business's performance;
2. There was a need for government to provide SMME incubation process to focus on entrepreneurial stimulation and development, human capital development through training and mentoring.
3. Establish SMME mentorship programme which would provide opportunities for entrepreneurs at early stages to learn from and be guided by established business entrepreneurs and professionals through counselling.
4. Create networking platforms and establish SMME business opportunities and facilitate interaction between Development Funding Institutions and SMMEs and cooperatives.