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Johannesburg - Requirements put in place by funding institutions continue to hamper positive growth of small, medium and micro enterprises (SMMEs), according to Deputy Minister of Trade and Industry (dti) Elizabeth Thabethe.
She spoke at the National Small Business Summit hosted by the dti and the Mpumalanga department of economic development, environment and tourism (Dedet), in White River, Mpumalanga this week.
The summit aimed to provide a platform for stakeholders to engage on government SMME programmes and to possibly find solutions to challenges facing small enterprises in South Africa.
“In my observations from the commission reports it is evident that there are many issues that still pose problems to the SMME sector," said Thabethe.
"The ones that stood out most are issues around lack of coordination between the three spheres of government, the need for micro finance at micro-finance level and the need to establish more youth driven cooperatives.”
She added that all programmes both at provincial and national levels, should give preference to women, children and people living with disabilities.
Some of the key points mentioned in the reports were barriers to market entry, lack of capacity to tender for big projects and transparency by government on tender projects.
“We will look at additions where there are and will implement the resolutions in order to enhance our small enterprise sector,” said Thabethe.
The summit was attended by more than 500 entrepreneurs, 50 exhibitors, financiers, academics, consultants and policy-makers from the three spheres of government.
- Fin24
She spoke at the National Small Business Summit hosted by the dti and the Mpumalanga department of economic development, environment and tourism (Dedet), in White River, Mpumalanga this week.
The summit aimed to provide a platform for stakeholders to engage on government SMME programmes and to possibly find solutions to challenges facing small enterprises in South Africa.
“In my observations from the commission reports it is evident that there are many issues that still pose problems to the SMME sector," said Thabethe.
"The ones that stood out most are issues around lack of coordination between the three spheres of government, the need for micro finance at micro-finance level and the need to establish more youth driven cooperatives.”
She added that all programmes both at provincial and national levels, should give preference to women, children and people living with disabilities.
Some of the key points mentioned in the reports were barriers to market entry, lack of capacity to tender for big projects and transparency by government on tender projects.
“We will look at additions where there are and will implement the resolutions in order to enhance our small enterprise sector,” said Thabethe.
The summit was attended by more than 500 entrepreneurs, 50 exhibitors, financiers, academics, consultants and policy-makers from the three spheres of government.
- Fin24
