MEC to uplift smaller businesses

2015-05-14 06:00
MEC for Economic Development, Tourism and Environmental Affairs Mike Mabuyakhulu was one the speakers during the Msunduzi Business Week.

PHOTO: SUPPLIED MEC for Economic Development, Tourism and Environmental Affairs Mike Mabuyakhulu was one the speakers during the Msunduzi Business Week.

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TO the government, smaller businesses that have closed have the potential of returning, which is why the government has allocated R3 million to help the KZN Traders’ Association, said MEC for Economic Development, Tourism and Environmental Affairs Mike Mabuyakhulu at the Msunduzi Business Week conference on Thursday in the city hall.

The Msunduzi Business Week started on Monday. On Thursday it was the business information week. Business people, citizens, ward councillors and young people with an interest in the business sector attended the event. Elaborating on what the KZN Traders’ Association will be about, Mabuyakhulu­ said the formation of the association is to encourage and uplift­ bigger and smaller businesses.

“We have to bring back our general dealer stores that used to be seen in our townships and villages.

“Those stores no longer exist and those that do have been sold to foreign nationals. This association is aimed at renewing those stores. We need to bring back our businesses. We don’t have to be violent, we have to create a business strategy that will cater for everyone­. The government has allocated R3 million, which will assist bigger and smaller business, including informal traders,” he said.

Mabuyakhulu said the association cannot be the only platform to help the South African economy - training is also part and parcel of a successful business.

“That is why we will be opening the KZN Training Academy. This centre will focus on the training side of things. To be in business people must be trained. We want tertiary institutions to partner with the academy. The University­ of KwaZulu-Natal will be approached to partner with the academy. This will teach them how to deal with their cash and budgeting.

“For the academy we have allocated R11 million and R20.5 million for the district academy centres.

“We want all districts to have an academy,” said Mabuyakhulu.

Government will be strict about business and permits and licences he said.

“Informal traders will be required to have a permit and formal traders will be required to have a licence­.”

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