Crippling compliance costs stifle SME growth
ROBIN PHIRI Small and medium enterprises (SMEs) in Zimbabwe are struggling to survive under the weight of exorbitant compliance costs, with some businesses required to fork out up to US$10,000 annually before they can even begin operations. This financial burden is not only discouraging formalisation but also accelerating informalisation—now estimated to account for 65-70% of…
