SMALL BUSINESSES THE HOPE FOR THE COUNTRY’S ECONOMY
By: Khumbuzile Mbuqe and Ayanda Dube
The Small Medium and Micro Enterprises (SMME) held its roadshow at the Inkosi Albert Luthuli International Convention Centre (ICC) in Durban earlier this week.
The roadshow which takes place in four big cities countrywide was held at the (ICC).
Various stakeholders, Standard Bank, National Youth Development Agency (NYDA), South African Airways, UIF office, National Empowerment Fund (NEF) and a motivational speaker
Masti Modise gave business advises to many SMME owners.
Opportunity Magazine Editor who was one of the roadshow organisers, Lindsay King, said that most small business owners are not exposed to the programmes designed to assist them,
therefore the road show aims to bring information personally to them.
“The roadshows has proved to be the best way to reach SMME’s owners as this ensures that they’re able to get to the venue without spending too much money. Making the roadshow free
as well would ensure that more people attend and more people are able to partake in the workshop.
And exhibitors get a chance to showcase their work,” added King.
A small businesswoman who sews school uniforms, Fikile Magudu, said that attending the roadshow brings them new clients.
“We are able to advertise our work for free, network and we normally get many orders,” said Magudu.
Head of Small Enterprise at Standard Bank, Ethel Nyembe said, “Entrepreneurs need to be more innovative to ensure that their business grow in leaps and bounds.”
Nyembe also emphasized that they as Standard Bank, felt that it was important to have a separate banking section specifically for small businesses. Their bank aimed to build long
lasting relationships between an entrepreneur and bankers.
“We grow your business, away from just surviving; but to being an empire, a leader in its field,” added Nyembe.