‘Existing firms create most jobs’

2009-09-25 00:00

LOCAL authorities need to focus intensively on supporting existing Pietermaritzburg-based businesses as they are most likely to create the most new jobs in the city.

This is the view of a local economic development expert Gerry Delany, who was speaking at a major city seminar on the economic prospects for the City of Choice held on Wednesday.

The seminar, hosted by the Pietermaritzburg Chamber of Business, was held in preparation for next month’s “strategic city summit”.

The director of the Msunduzi Innovation and Development Institute, Francois du Toit, said the summit will help to identify tangible projects aimed at stimulating growth in the city.

Pietermaritzburg’s strategic summit is to be held on October 20 and 21.

Delany noted that although offering incentives to potential investors remains a vital element of growing the economy, research has shown that existing businesses usually create more jobs than new businesses.

“We must create an environment in which existing businesses survive and thrive,” he added.

Delany urged local authorities to listen to the needs of city businesses on a regular basis.

Msunduzi Municipality’s manager of investment promotion, David Gengan, stressed the importance of offering incentives to potential investors.

Skills development in the city also came under the spotlight at the seminar.

Although much attention has been given to South Africa’s skills crisis, Pietermaritzburg-based skills development consultant Di Randall told delegates that the city is facing a “competence crisis”.

She noted that many local businesses find that apprentices are too costly to train.

 

 

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/Africa
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.