Government to promote access to economic opportunities

03 October 2014

Government will promote access to economic opportunities to address poverty, inequality and unemployment, says Small Business Development Minister Lindiwe Zulu.

Speaking at the 50th anniversary of the National African Federated Chamber of Commerce and Industry (Nafcoc), she said her department was established to create economic opportunities and promote social cohesion.

Nafcoc’s main objective was to promote and encourage the development of the small business sector and black business in South Africa.

“We will pursue an aggressive entrepreneurship drive and create an enabling environment that will make it easy for South Africans, particularly the youth, to start and sustain their businesses,” Minister Zulu said.

The Department of Small Business’s interventions included providing access to finance, business skills development, market access and competitiveness.

“In addition, we will focus on enhanced support for small and informal businesses development as well as cooperatives through entrepreneurship and also to foster financial inclusion, create market access for small business and cooperatives.

Government would try to create a platform to enhance partnerships with the private sector in relation to procurement opportunities for SMMEs as well as cooperatives.

“I am pleased to reiterate that my department is embarking on measures that deal with red tape reduction at all levels of government and Nafcoc is an important partner in achieving this,” Minister Zulu said.

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