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
 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> 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... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.