Growing the spirit of entrepreneurship

2015-05-07 06:00

Formal and informal trade sectors will have the opportunity of participating in the forthcoming Msunduzi Municipality’ Investment Conference and Business Week in May.

PHOTO: Formal and informal trade sectors will have the opportunity of participating in the forthcoming Msunduzi Municipality’ Investment Conference and Business Week in May.

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THE Msunduzi Municipality is to host a four-day investment conference and business week aimed at marketing the city as an investment platform, motivating developments along the N3 corridor and encouraging entrepreneurship in the Imbali and Edendale areas.

Initially proposed by the economic development business unit, the conference and business week will take place in May. The proposed budget for the event is R998 958.

At an Executive Committee (Exco) council meeting, councillor Eunice Majola supported the staging of the event saying it will create more investment opportunities for the city.

A report from economic development on this event states that the aim is to provide integrated business information and support potential and existing businesses within the municipal area. The event is seen as an appropriate platform for disseminating and sharing knowledge to stimulate the local economy.

The target market is registered and operating small, medium and micro enterprises (SMME) and aspiring entrepreneurs in all municipal wards. The event will also feature the informal trade sector whereby issues affecting them will be discussed.

The Msunduzi’s procurement unit has awarded a period contract to service provider, Anzomode (Pty) Ltd, to manage municipal events and functions and it has been allocated to manage the investment conference and business fair.

Proposed partners for the event are uMgungundlovu Municipality, the Department of Co-operative Governance and Traditional Affairs (Cogta), Department of Economic Development and Tourism (DEDT), Small Enterprise Development Agency (Seda), National Empowerment Fund (NEF), Industrial Development Corporation (IDC), Small Enterprise Finance Agency (SEFA), Ithala Bank, National Youth Development Agency (NYDA), KZN Provincial Treasury, the business support unit from Hulamin and the KZN Trade and Investment

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