Investment Summit: More support should be given to SMMEs says Minister Zulu

The Investment Summit kicked off on Thursday at the Sandton Convention Centre with delegates from around the world, local business people and civil societies to talk about investment opportunities in South Africa.

The theme for the South Africa Investment Conference is “Accelerating Growth by Building Partnerships”.

Minister of Small Business Development Lindiwe Zulu says they welcome what's been said at the summit about supporting small businesses in order to create jobs.

She says they've always made it clear that they are all about creating jobs for South Africans.

Read: The Rule of 72 can help make sense of South Africa's economy

Our responsibility is to create a conducive environment for SMMEs but that cannot happen if people are going to look only at the Department of Small Development.

Lindiwe Zulu, Minister of Small Business Development

There are provincial, national and local structures with opportunities for SMMEs. We are asking each department to tell us that when they spend so many millions, how much of that is going to SMMEs? Sometimes they come back to us and these SMMEs do not have credible and quality products and we are asking who is going to help them have good products?

Lindiwe Zulu, Minister of Small Business Development

Zulu says government and private sectors should be in a position to help these SMMEs produce quality products that can be sold not only locally but internationally as well.

As government we are putting measures in place to make sure that when investors come here to invest their money is protected.

Lindiwe Zulu, Minister of Small Business Development

Zulu commended some of the foreign companies operating in the country for taking an initiative in addressing the issue of transformation because they know the country is battling.

To hear the rest of the discussion with Lindiwe Zulu, listen below:


This article first appeared on CapeTalk : Investment Summit: More support should be given to SMMEs says Minister Zulu


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