‘150th richest in SA from SMME

2017-11-23 06:00
PHOTO: omega moagiAt the business breakfast (from left) Fortune Nosi, Vijay Naidoo (SCCI president), Jonathan Naidoo and Ivan Naidoo.

PHOTO: omega moagiAt the business breakfast (from left) Fortune Nosi, Vijay Naidoo (SCCI president), Jonathan Naidoo and Ivan Naidoo.

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

THE South Coast Chamber of Commerce and Industry held a media, information, communication and technology (Mict) business breakfast at the Umthunzi Hotel on Tuesday.

The keynote speaker was Smart Exchange CEO, Jonathan Naidoo, who focused on the use of incubators in developing small medium and micro-sized enterprises in the sector.

Naidoo spoke on the growth and potential on SMMEs and incubaters, an industry he said was currently worth R1.5 billion and produced the 150th richest person in the country.

He also highlighted Smart Exchange’s successes in increasing business turnovers, creating jobs and giving of innovation grants.

“The secret to the success of incubation is through partnerships with others, as well as their unqualified audits since inception.

“Incubation can be a disaster if there is greed for profits. The business is a one-person show, poor support facilities, a disconnect with the incubatee and unqualified and poorly motivated staff,” said Naidoo.

He also briefed guests on the advantages of the Mict sector and how businesses needed to take advantage of the various technological advances to grow.

“The Mict sector is an exciting space, however, it cannot be predicted and therefore planned for in the long term,” said Naidoo.

Also in attendance was Mict business owner Fortune Nosi (22) from Murchison, who is developing a solar powered cellphone-charging cellphone pouch.

“My company, Opulance Nosi, covers both property and Mict because although I am qualified in real estate, my first love is technology,” said Nosi.

Naidoo encouraged local business people to take advantage of the opportunities to grow the South Coast economy.

“In my experience with the South Coast, this place has huge potential to grow. For example the municipalities Ugu and Ray Nkonyeni have a high shortage in office space.

“This gap can be bridged by locals through their database of property proposals which they can let out to government. At the moment outsiders are taking advantage of these opportunities when locals are doing nothing about them,” said Naidoo.


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.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


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.


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.