Department to hold talks on small business policy

OCTOBER 28, 2015

The Department of Small Business Development and the Small Business Development Institute will host a National Small, Medium and Micro-sized Enterprises (SMME) Policy Colloquium this week.

Small Business Development Minister Lindiwe Zulu said the SMME Colloquium will encourage effective dialogue and engagement between SMMEs, government and other key stakeholders as part of placing small businesses at the centre of job creation and economic development.  

“My department is receptive to any new ideas and policy proposals that will help unleash the potential of SMMEs and co-operatives as catalysts for economic growth and job creation,” Minister Zulu said.

The colloquium will be held at the Industrial Development Corporation (IDC) from Friday until Saturday.

As part of unlocking the potential of SMMEs and co-operatives the Department of Small Businees Development has identified five critical areas that could play a major role in the promotion and development of the small business sector.

The five areas included the public sector procurement, building market access into private sector value chains, simplifying the policy and regulatory environment, access to finance, and support to township and rural economies.

“I am confident that the collective wisdom of men and women who would be attending this colloquium will assist us to accelerate our interventions in these areas,” Minister Zulu said.

The Department of Small Business Development said the colloquium’s principal focus is to debate and interrogate policies that hamper the growth and sustainability of SMMEs.

“The colloquium also seeks to find sustainable solutions to the challenges that confront small businesses and cooperatives and to identify policy interventions that will contribute to the growth and sustainability of small businesses,” the department said.