S Africa to study India’s SME business

South Africa is exploring how small, medium and micro enterprises in India contribute to their national economy, an official said on Sunday in Johannesburg. Deputy Trade and Industry Minister Elizabeth Thabethe also said that both countries are developing nations, confronted by similar economic challenges, Xinhua reported. “The latest developments have indicated that India has progressed impressively in the area of informal business development,” the minister, who was due to visit India, said. “Institutions that we will be engaging with will present simple solutions for our SMMEs, including technology and market development,” said Thabethe. FRom:GULF