Minister - Ms. Lindiwe Zulu
DG - Prof. Edith Vries
Celebration of Micro, Small and Medium sized Enterprises
Today marks the second year since the United Nations General Assembly declared the 27th June as the day of Micro, Small and Medium-sized enterprises (referred to as SMME’s in South Africa). This day seeks to raise public awareness of their contribution to sustainable development.
As the Minister of Small Business Development, it is an honour for me to celebrate this day as SMMEs are the backbone of our economy. SMMEs are the engine of our economy. The growth of our economy is strongly depended on their innovative ideas.
My department, supported by its agencies sefa and seda, is working tirelessly to develop solutions to most of the challenges that are faced by SMMEs. Much has been achieved in an attempt to grow and support SMMEs. However, they are still faced with many challenges. We have, since the proclamation of the Department, been working with the private sector to tap into their resources and efficiencies to drive the enterprise development agenda. There are areas that are yielding positive results such as in the incubations space which has found some traction in the private sector. We think we can expand on these and also work on other models that can strengthen our collaboration.
We in government we have set up an Interdepartmental and Cooperatives Committee that coordinate and monitors government spent on SMMEs through the 30% set aside instrument endorsed by government. The Director General of the department of Small Business is chairing the forum to provide leadership across government. Similarly, the Director General chairs the Interprovincial Forum which does the same for interventions at the provincial level.
All of us, both government and private sector, have a responsibility to rally around SMMEs..