SME Definition Unsuitable – Study

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By Wezi Tjaronda

WINDHOEK

A market study of Namibian small and medium enterprises in the construction sector has recommended a review of the small and medium enterprise (SME) definition.

The current SME definition, according to the report, is unsuitable for the sector because it is based on the number of workers and turnover. Experience in the sector is that a higher turnover is generated as often each contract exceeds a turnover of N$250??????’??

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