The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Requirements to access finance a barrier for small firms - Thabethe

 

Johannesburg - The requirements for small businesses to access finance remains a barrier for small businesses to get funding, the Deputy Minister of Trade and Industry Elizabeth Thabethe said at the ISBC.
Speaking at the closing session of the International Small Business Congress (ISBC) held at the Sandton Convention Centre, Thabethe said while big businesses had entire divisions devoted to obtaining finance, small businesses didn't have the same capacity.
 
She said South Africa is very proud to have hosted the conference and said she had attended many of the breakaway sessions, where she had gained many insights around improving small business support.
At a gala dinner at the ISBC, Thabethe and African ministers together declared 2013 as the year of the entrepreneur for Africa.
 
Catherine Swift, president of the ISBC said presenters at the conference had highlighted the importance of evidence-based policymaking and the importance entrepreneurs can play in transforming countries with a culture of entitlement into nations with people that viewed the creation of wealth as their own responsibility.
 
Sipho Zikode, the deputy director general of enterprise development at the Department of Trade and Industry, said the department aimed to take some of the lessons and best practices raised at the conference to help boost support to small enterprises.
 
Hlonela Lupuwana, chief executive of the Small Enterprise Development Agency (Seda), said the ISBC 2012 had been a watershed moment for Africa and thanked the presenters for their insightful suggestions and contributions on small business.
 
Lupuwana has been elected as the vice-president for Africa for the ISBC.
 
Conference organiser Septi Bukula of Osiba Research said 746 delegates registered to attend the conference, and that more than 70 speakers were registered.
 
Bukula thanked the Department of Trade and Industry for their overwhelming support in helping make the conference happen. - SAnews.gov.za
 


 
 
 
 
 
 
 
_________________________________________________

June 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 

119th Anniversary of the Declaration of Philippine Independence 12 June 2017 Ambassador Joseph Gerard B. Angeles of the Philippines in South Africa hosted a reception to celebrate the 119th... <|> Madagascar turns to SA for investment 15 June 2017 Malagasy President Henry Rajaonarimampianina has urged South African businesses to invest in Madagascar. President Rajaonarimampianina said his... <|> Welcome to South Africa 8 June 2017 President Jacob Zuma of South Africa received Letters of Credence from new Heads of Mission accredited to South Africa. Photo: Standing (l-r) Mr Eric Franck... <|> Good neighbours, France and South Africa On Monday 12 June 2017, the Ambassador of France to South Africa, H.E. Mr Christophe Farnaud, hosted a reception in honour of Brigadier General Franck... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Lack of education and mismatched skills Brussels, Belguim- 7th June 2017: The African Union Commission cautions that the future of Africa’s economic growth and the future of millions of Africans,... <|> BRICS ministers meeting Pretoria - Trade, climate change, reforms of the United Nations and terrorism were high on the agenda when the BRICS Ministers of Foreign Affairs met in Beijing on 19 June... <|> <|> The French Barbarians in Soweto 24 June 2017 June is rugby month in South Africa. While the Springboks and the XV de France met for three test matches (Pretoria 10 June, Durban 17 June and... <|> Inti Raymi – resurrection of the sun June 21 marks the Winter Solstice in the Southern Hemisphere. It is the day when the Sun begins to set a little later everyday as the days start to get... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.