Indigenous First Nation Advocacy South Africa (IFNASA) will keep breaking new economic and business ground. We are not only turning a New Economic Page, instead we decided to rewrite and own our Economic and Business narrative. The Coloured community is not seeking exclusionary or separate empowerment, instead we are calling for a more inclusive economic share amongst all of South Africa’s Indigenous African people. Our focus is to develop a platform for Coloured business coherence and a synergized economic voice that must assist South Africa in empowering broadly and harmoniously. It is impossible for any community to change the poverty curse without two main ingredient: “New Thinking and Economics”. Our groundbreaking bi-monthly Business Breakfast meetings should put an end to the endless and senseless economic disjuncture. It’s time to roll up the sleeves and for all Coloured (Khoi-San Seed) Business Men and Women to get into the trenches to dig up new Economic Highways that will assist the country connect the so-called ‘First Economy with the Second Economy’.
The first Business Breakfast meeting was indeed energizing and empowering all at the same time. The lessons learned are indescribable and extremely invaluable. We will always cherish the wisdom and knowledge of our keynote address. Our next installment would prove to be equally energizing, enterprising and imaginative. We are in the process of negotiating a date with our next keynote speaker and should soon wrap it up. Please keep an open mind and be flexible. Our part is to ensure that you get knowledgeable, relevant and tangible business leaders and opportunities. IFNASA is working behind the scene to secure the knowledgeable Director General of the Department of Trade and Industry. Please familiarize yourself with the profile of Mr. Lionel October…
We will be calling on the expert advise of Mr. October in helping us unpack our theme:
“Access the Dti to Access the Market”
It is said that ….. “Small businesses should be proud of themselves, they contribute significantly to the economy. When looking at the South African business trends according to Banking Association of South Africa, small businesses provide 60% employment to the workforce. It’s a figure South Africans hope will not fluctuate: South Africa struggles with an alarming unemployment rate and the formal sector are particularly prone to shedding jobs.
The combination of the country’s high unemployment rate (27%) and the lack of job opportunities have resulted in many job seekers creating their own means of income – both informal and formal. Government is also well aware of the fact that small businesses are driving growth and employment and is, therefore, increasing the pressure on start-ups to perform. Government’s National Development Plan is relying on SMEs to grow their operations to help create no less than 11 million jobs by 2030.
More exciting South African business trends
There’s no denying that small businesses have become the cornerstone of the economy in the country, not only to drive employment but also to add to the overall turnover. This Statistic South Africa report states during the last quarter of 2015 small businesses contributed 27% to the country’s combined R 2,1 trillion turnover. Some news we can all be proud of; South Africa has risen two places in the 2016-2017 World Economic Forum Global Competitive Index. We are now sitting in the 47th position. According to the report, “South Africa maintains its regional leadership in terms of financial markets, competition, infrastructure, and education, despite recent challenges from exchange rate volatility, governance concerns, and policy uncertainty, as reflected in the institutions pillar.”
Small business education
Running a start-up is like possessing a double-edged sword: it’s incredibly challenging, while at the same time, creating your own business from the ground up and seeing it grow is incredibly rewarding. As a start-up owner, you’ve put in the blood, sweat and tears to help your baby (metaphorically speaking) develop into a venture that provides you with an income, and the opportunity to provide employment for others. While there’s no clear-cut guide to running a successful start-up, a large portion of the South African economy is driven by small business owners like yourself which means there’s a wealth of valuable information to delve into.
South African business trends that will overcome the biggest barriers to small business growth
Ensuring that existing start-ups, and those aspiring to start small businesses, continue to support economic growth requires superior internet access. “The internet should be open, neutral, resilient, interoperable and responsive to the growth needs of all,” said South Africa’s telecommunications minister, Dr Siyabonga Cwele, at the fifth annual meeting of the African Internet Governance Forum.
According to a research paper commissioned by the Small Enterprise Development Agency, “the lack of access to physical infrastructure is a key impediment to business growth and adds significantly to the cost of doing business.” Therefore, in the virtual sense of providing a proper infrastructure and focusing on creating an ease of access to company information is what will aid small businesses in 2017.
According to an article featured in the November 2016 issue of Entrepreneur to get ready to make 2017 a killer year you need to:
- Keep your eye on trends entering your market,
- Take a closer look at what your competitors are doing,
- And get rid of dead weight (such a poor performing processes).
For inspiration on growing your business download this guide for South African entrepreneurs running a business.”
Director-General Lionel October
Mr. Lionel October was appointed Director-General of the Department of Trade and Industry from 21 April 2011. Lionel October was appointed the Acting Director-General (DG) of the Department of Trade and Industry (the dti) in South Africa on 01 January 2011. Prior to his appointment as DG, he served as the Deputy Director-General (DDG) responsible for the enterprise and economic development portfolio, and served as an Economic and Trade diplomat at the South African Embassy in Brussels from 2007 to 2011. He was instrumental in key trade negotiations with the European Union.
Under his leadership as the DDG, the dti has spearheaded key industrial and enterprise development policies such as the National Industrial Policy Framework and Action Plan, and the development and implementation of Broad-Based Black Economic Empowerment legislation, to name a few.
Date: To be Advised
Venue: Rivers Cafe, Beyers Naude Drive, World Wear Mall, Fairlands Joburg
Time: Registration at 9:00 am
Cover Charge: R 150. 00
Topic: “Access the Dti to Access the Markets”
Sources: Dti website and Who is Who SA….