Entrepreneurs trained on management

2017-11-02 06:00
PHOTOS: precious gumedeThembinkosi Mngoma trains entrepreneurs.

PHOTOS: precious gumedeThembinkosi Mngoma trains entrepreneurs.

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SMART Xchange Port Shepstone SMMEs were trained on financial management on Tuesday.

The training was conducted by Thembinkosi Mngoma from Productivity SA.

Mngoma said Productivity SA’s mandate is to enhance the productive capacity of South Africa, catering for emerging and declining businesses and those on the verge of shutting down.

At the end of the training Mngoma said SMMEs will know how to calculate productivity measures, draw up cash flows, develop income statements, balance sheets and calculate basic financial indicators.

Smart Xchange centre manager, Fatima Sarigat said it is the centre’s mandate to develop SMMEs.

“This training on financial management will empower SMMEs to control the financial aspects of their business.

Training will be held over three days and involves practicals, which will help them have a better understanding, especially when they are asked to submit their projected business finances.

Entrepreneur, Siyabonga Cele said they will benefit from the training because they are starting their businesses from grass-roots level.


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