TSP to assist SMEs formalisation

TSP to assist SMEs formalisation

By Daniel Chigundu THE Transitional Stabilisation Program (TSP) October 2018 to December 2020 says it endeavours to remove all the bottlenecks that have been making it difficult for small to medium enterprises (SMEs) from formalising. According to the FinScope MSME Survey Zimbabwe 2012, there are about 3.5 million SMEs in the country and only 15 percent of them are formalised. SMEs have since become the mainstay of Zimbabwe’s economy in the past decade accounting for more than 80 percent of employment while at the same time covering about 70 percent…

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