why SMEs thrive not just survive

SMEs in Zimbabwe contribute approximately 90% to the growth of the country as per a report in 2011.Among the companies perhaps SMEs that have made it through the economic hardship is TM  

 TM Supermarkets is set to expand its branch network by opening an additional five new supermarkets across the country.Often, during the good economic times Banks, venture capitalists and investors are willing to invest in both SMEs and high growth enterprises.

Speaking during the official opening of the new TM Msasa Branch TM head of operations Lameck Kujeku said the group is will continue expanding its branch network across the country.

“Work is at various stages of completion at five other sites around the country and needless to say, that will generate significant benefits for all our stakeholders.

One of the SMEs thriving in Zimbabwe:Harare.

“It all demonstrates our confidence in our country and its economy and we shall intensify our efforts in this direction,” he said.

The project was completed with a total of $4, 5 million dollars which was contributed by both TM and Old Mutual, and is said to have created 200 new jobs.The completion of this project at a cost of more than $4, 5 million dollars has had the following impact on our country’s economy,” he said.

The new supermarket comprises of 6 600 square meters comprising of Food & Vegetables, Bakery, Butchery, Deli, Wholesale and Liquor Wholesale Centre.

TM currently has 48 supermarkets across the country.

 According to the Standard, the SMEs sector in Zimbabwe, which now accounts for about 90% of the country’s employable population, is in dire need for government and private sector assistance to secure more funding.

Since the use of mufti-currencies in 2009, most enterprises are struggling to survive due to lack of long-term financing.