Indaba held for young entrepreneurs

2017-05-03 06:02
Eskom partnered with the Small Business Chamber of Commerce and Industry South Africa and other stakeholders at the third Young Entrepreneurship Propeller Indaba (YEPI) in an effort to create a link between universities and the mainstream economy and also to promote entrepreneurship at university level.Photo: Supplied

Eskom partnered with the Small Business Chamber of Commerce and Industry South Africa and other stakeholders at the third Young Entrepreneurship Propeller Indaba (YEPI) in an effort to create a link between universities and the mainstream economy and also to promote entrepreneurship at university level.Photo: Supplied

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In an effort to create a link between universities and the mainstream economy and to promote entrepreneurship at university level, key stakeholders met for the third Youth Entrepreneurship Propeller Indaba (YEPI) at the Sol Plaatje University on Friday, 21 April.

Eskom, the Small Business ­Chamber of Commerce and Industry of South Africa (SBCCISA) and ­Standard Bank were among the stakeholders who addressed challenges facing small business enterprises, such as selling and promoting ­products and gaining access to markets.

The indaba was also directed at students who are in the process of establishing businesses and at those already in business.

Theresa Maasdorp, Eskom’s supplier development and localisation manager in the Free State and Northern Cape, confirmed that one of the areas Eskom focused on was the development of youth-owned businesses in the Northern Cape.

She said supplier workshops to support local economic development will be held in the latter part of 2017.

Some of the challenges that Eskom faces when doing business with youth-owned entities were also discussed, as well as the support that Eskom will provide to overcome the challenges for these entities.

Different speakers had their say on the available opportunities for youth-owned businesses that could enable them to become job providers instead of job seekers.

Colin Kganakga, a director at the SBCCISA, who organised the event, advised youth entrepreneurs on how to use the information they got at the indaba to benefit their communities.

He also referred to the African Renaissance and he further talked on how young leaders can use policy instruments such as the New Growth Path (NGP) to work towards this ideal of the bettering of the future.

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