SOUTH AFRICAN GOVT SEEKS DEEPER INSIGHT INTO TOWNSHIP SMMES

PRETORIA– The National Planning Commission, the South African government agency responsible for strategic planning for the country, is set to host various dialogue sessions with Small, Medium and Micro Enterprises (SMMEs) throughout the country over the next three months.

The commission said in a statement here Tuesday that the dialogue sessions are part of its information gathering on the “Limited Success of Entrepreneurial Activity by Locals in Townships and Rural Areas” and that the findings of the dialogue sessions would help it gain deeper insights into the context and challenges faced by township and rural economies.

The information gathering will also assist in informing the process for reviewing and assessing existing strategies. The dialogue sessions will play a role in giving direction in the formulation of new strategies to deal with the challenges faced by township and rural SMMEs.

“The South African government’s policy recognizes the potential that SMMEs can play in job creation and economic growth. There is further recognition that sustainable SMMEs have a potential to provide multiplier effects on some social issues such as social inclusion, poverty alleviation and equitable access to opportunities in society,” the commission said.

“It also sets out several ambitious goals for SMMEs, including a target of 90% of new employment opportunities to be created by them by 2030.”

South Africa’s National Development Plan (NDP) states that the country must focus on the economic advancement of the poorest South Africans. In order to eliminate poverty, South Africa has to raise employment, which the commission says can only happen if growth of the economy is faster and more inclusive so that it allows the historically disadvantaged to earn a decent living.

“There is a great need in the short term for the economy to create jobs for the unemployed South Africans, many of whom are young and unskilled. This must take place at the same time as upgrading the skills base and knowledge levels for a different economy in future,” the statement said.

The NDP acknowledges that a rapidly growing economy that is diversifying into new sectors will open up opportunities for black-owned firms and smaller businesses, thereby promoting inclusive growth. Small and expanding firms have, therefore, been identified as key to supporting job creation and redressing skewed ownership patterns in South Africa.

The NDP further emphasises support for small businesses by encouraging government and the private sector to procure from small firms.

Source: NAM NEWS NETWORK

SOUTH AFRICAN GOVT SEEKS DEEPER INSIGHT INTO TOWNSHIP SMMES

PRETORIA– The National Planning Commission, the South African government agency responsible for strategic planning for the country, is set to host various dialogue sessions with Small, Medium and Micro Enterprises (SMMEs) throughout the country over the next three months.

The commission said in a statement here Tuesday that the dialogue sessions are part of its information gathering on the “Limited Success of Entrepreneurial Activity by Locals in Townships and Rural Areas” and that the findings of the dialogue sessions would help it gain deeper insights into the context and challenges faced by township and rural economies.

The information gathering will also assist in informing the process for reviewing and assessing existing strategies. The dialogue sessions will play a role in giving direction in the formulation of new strategies to deal with the challenges faced by township and rural SMMEs.

“The South African government’s policy recognizes the potential that SMMEs can play in job creation and economic growth. There is further recognition that sustainable SMMEs have a potential to provide multiplier effects on some social issues such as social inclusion, poverty alleviation and equitable access to opportunities in society,” the commission said.

“It also sets out several ambitious goals for SMMEs, including a target of 90% of new employment opportunities to be created by them by 2030.”

South Africa’s National Development Plan (NDP) states that the country must focus on the economic advancement of the poorest South Africans. In order to eliminate poverty, South Africa has to raise employment, which the commission says can only happen if growth of the economy is faster and more inclusive so that it allows the historically disadvantaged to earn a decent living.

“There is a great need in the short term for the economy to create jobs for the unemployed South Africans, many of whom are young and unskilled. This must take place at the same time as upgrading the skills base and knowledge levels for a different economy in future,” the statement said.

The NDP acknowledges that a rapidly growing economy that is diversifying into new sectors will open up opportunities for black-owned firms and smaller businesses, thereby promoting inclusive growth. Small and expanding firms have, therefore, been identified as key to supporting job creation and redressing skewed ownership patterns in South Africa.

The NDP further emphasises support for small businesses by encouraging government and the private sector to procure from small firms.

Source: NAM NEWS NETWORK