The private sector is often blamed for selfish profit-driven behaviour while this sector’s contributions to the economy as a whole tend to be overlooked. But the recently announced R1.5bn fund set up by the private sector to assist in the development of small and medium enterprises (SMEs) is a welcome boost for a country that desperately needs economic growth. Growth in this sector is also likely to drive job creation. “The fund is a private sector initiative but we are hoping that government contributes. [...] we are focusing on what business can provide,” fin24.com reported Discovery CEO, Adrian Gore, as saying during the announcement of the fund.