13 March Grooming entrepreneurs on export March 13, 2018 By Luxole Komani Latest News 0 Buffalo City Metro Export Helpdesk in partnership with Mdantsane One Stop Shop conducted a Business Export Awareness Workshop for small business entrepreneurship who are in the export business. The workshop took place at the Mdantsane Sun Hotel on Thursday 08 March 2018. The Buffalo City Export Helpdesk is a partnership programme between Buffalo City Metro and Eastern Cape Development Corporation (ECDC). The aim is to develop and promote Export in the BCMM region. The aim of the workshop was to bring awareness and share information for Mdantsane business and surrounds on the benefits of extending their market base beyond South Africa. Other stakeholders who were part of the seminar include ABSA, South African Revenue Service (SARS), Transnet and Small Enterprise Development Agency (SEDA). Speaking broadly about the workshop, ECDA Helpdesk Officer Linda Lubengu said, “Today’s workshop was aimed at capacitating those businesses that are at their entry level of exporting and those that have products but have not yet started exporting.” “We were just bringing an awareness to businesses on how they can begin exporting. Mdantsane became our main target as we felt that we must inform them more because they do have products but they don’t know what to do, so we wanted to reach out to them,” she added. Various business entrepreneurs came out in their numbers to attend the event and grasp as much information as they could. Aspiring Export Trader Siyabulela Rali said that this was a great initiative for many of us who did not have knowledge of how the export operations work. “Having a business on its own is not easy there are good and bad days, but with such workshops especially coming to places like Mdantsane will truly assist us.” In culminating the seminar Lubengu concluded by adding that the workshops will also take place in other various locations still to be identified, as they want to educate entrepreneurs of the City. Related 2017 BCMM Franchise Expo launched The three-day long annual franchise expo kick started on Thursday 16 to 18 November at the East London Convention Centre (ICC). The expo was run to give platform to showcase the existing franchise as well as small business opportunities and the workshop sessions to help citizens of Buffalo City to fully understand how franchising work. Moreover, to attract new investors of the varied business franchises on offer and encourage entrepreneurs to invest in Buffalo City. There are huge benefits available for investors, which in turn will beef up the economy in the city. The annual franchise expo was organized by the BCM’s Local Economic Development Business Unit. At least 75 franchise companies set up stalls at the East London Convention Centre to showcase their products. Speaking at the expo Pakati said, “Through the Expo, we aim to connect our entrepreneurs with industry role players not only for franchising opportunities but also for motivation and inspiration.” “The Expo will assist our people to get a better understanding of the Franchising model by offering a credible platform for the showcasing of existing franchise and small business opportunities,” said Pakati. “We are very proud to announce that this initiative has assisted in bringing two new franchisees into the city with Fournew's shortly opening a News Cafe and with an SME that is currently negotiating financing for a Sherpa Kids franchise,” he said. Adding to that, BCM General Manager of Trade and Industry Development Xolelwa Majiza said, “This year the city has increased the exhibitors that has joined the expo and also prepared entrepreneurs lounge business persons to interact and connect with each other.” She added that BCM’s expo has been rated number one comparing with other expos taking place in nine provinces. “There are also expertise from the Border Kei Chamber of Business, Black Management Forum (BMF), Maid4U, Business Women Association (BWA) and Black Business Forum (BBF) that attended the franchise to share their skills with BCM entrepreneurs,” she said. Among the people who came to the expo to share their skills was the founder of a recruitment agency called Maid4U, Lindiwe Shibambo who endured challenges as a young woman growing up in Pretoria. Lindiwe motivated and shared her success story with the BCM entrepreneurs and said she took a profound interest to train, develop & recruit individuals who have a passion for au pair & housekeeping. Before Maid4U was established to become a successful agency today. She concluded by saying, “stay strong and focused. Remember that our deepest fear is that we are not inadequate. Our deepest fear is that we are powerful beyond our own measure.” Business skills for developing SMMEs Ntlanganiso was one of the entrepreneurs who attended the Small and Medium Enterprises’ training programme at the Duncan Village Youth Advisory Centre last week. The Visual Artist who has already started his own company is currently training 80 up and coming young artists on performing arts and sound from eight different schools from his community. Speaking to BCMM Website, he said that the training has given him a different perspective on how to run his own business and it has also helped him grow as a business person. “As an artist you always focus on your art and not how you can make a living out of your creativity. This programme has helped me and others to see a bigger picture of what we can do to sustain ourselves as well as operate sustainable businesses.” However, the young entrepreneur said the programme was short and had hoped that it could be extended to more than a week. “I wish the duration of the training could be extended and the facilitator can go deeper into the curriculum because now we are currently on the entry level of business development and management.” The initiative was organised by the Duncan Village Youth Advisory Centre partnering with the Eastern Cape Development Corporation (ECDC) to train 30 SMME’s from Duncan Village and the surrounding areas. Participants were skilled on business profiling, how to source funding for their businesses, how to come up with ideas and that are needed to run an effective and viable business. Youth Advisory Officer Zimbini Kangapi said, “The programme was designed to help potential entrepreneurs intending to start a business and who need the skills to manage their small businesses effectively as well as those who are already operating their businesses. “The training will help the entrepreneurs acquire basic small business management skills and knowledge that will contribute to the survival and growth of their businesses. This will help existing small business owners enhance their management skills in preparation for business growth.” Kangapi added that the SMMEs were selected from the DV Business Support Centre database and that young people must utilise the centres in order to benefit from the programmes that are run in the centre. BCMM has three youth advisory centres one in King William’s Town, Mdantsane and in Duncan Village. The training took place from 29 February to 2 March 2016. For more information on programmes run in the centre contact the DV Business Centre on 043 722 0641. Delegates discuss South Africa’s economy The conference was held on March 10 –11 with various stakeholders from national and provincial economic development government departments, government entities, universities and research institutions. Welcoming guests at the event Deputy Executive Mayor Xola Pakati said, “We welcome the fact that part of your deliberations will be reflecting on an important aspect that features prominently in our Metro Growth and Development Strategy (MGDS) which is growing capacities of sustainable entrepreneurship in the townships.” “This is of course a critical area of focus as a Metro and we will be paying particular attention to your outcomes and to see how we can find synergies in our efforts.” Giving a background of the Eastern Cape economic development overview MEC for Economic Development, Environmental Affairs and Tourism Sakhumzi Somyo said, “Eastern Cape provides a microcosm of the challenges faced at the national level. Some segments of the local economy are at the cutting edge of global technology and production.” He concluded by saying that the province boasts with world class infrastructure concentrated in our city hubs whilst the rural hinterland may lack fundamentals of reliable water, energy and logistics infrastructure. “The province has hug energy potential. Over the past year, the province has seen its allocation of wind and solar farms increase to 17, with a total investment value of R33.7 billion and over 18 000 jobs being created over the life of the projects.” Making his keynote address deputy minister for Trade and Industry Mzwandile Masina saying that the department calls government and academia to actively engage in the process of searching and identifying sustainable related development models for re-industrialisation and economic growth. He added that the current period of expedition to re-industrialise and make substantial value-addition to South Africa’s raw material requires a dynamic, innovative and creative African researcher who understands that the quest for economic transformation is premised on socio-economic justice. “This new generation of African researchers must understand that inclusive growth and development is critical in our march towards achieving the objectives of the National Democratic Revolution. Increased participation of researchers and academia is important in the crafting and development of various iterations of the industrial development policy in the country. Without these, our people will forever toil in poverty and underdevelopment,” Masina said. Other discussions at the conference include a framework for export development and identification of realistic market opportunities in South Africa, the model growing capacities of sustainable entrepreneurship in the townships, trade as a driver of manufacturing structural change for sustainable development in South Africa and rethinking the future role of cities in economic development with questions of the present. Automotive hub opened The initiative is a partnership between the Metro, Automotive Industry Development Centre (AIDC), Eastern Cape Development Corporation (ECDC), The Jobs Fund and the Provincial Economic Development, Environmental Affairs and Tourism. The incubator is a hub for automotive glass, battery and tyre sales and repairs. According to a press statement issued by the organisers, the incubator is considered to be the first of its kind in the country. “The idea is that after three years of trading the new businesses will stand on their own, with the resources provided to them, now released to assist in the creation of other new businesses.” Speaking at the launch, Executive Mayor Alfred Mtsi said, “Small businesses stimulate private ownership and entrepreneurship skills, which are necessary to create innovative solutions that bring forth better products and services that improve the lives of citizens.” He added that the Metro’s incubation programme is different as it uses a different approach. “What has been created with this project is virtual incubation which is on the job training. That is what sets this programme apart from others.” The programme is set to boost the township economy by training the business owners, provide equipment, finance to run the business and a three year business guidance to all the businesses who are part of the programme. The complex has four businesses which include the tyre fitment and replacement centre, battery fitment centre, glass centre and a kiosk. Yiliwe Ntanjana one of the business owners at the incubator said, “We are truly grateful for such an opportunity to have our own space to work in. For the next three years we will work hard to make sure other thriving businesses have the same opportunity.” Culminating the day Deputy Executive Mayor Xola Pakati said, “As you have been given this opportunity you need to grab it with both hands and make sure you excel in it.” He added that the incubator programme is part of the revitalisation of township economy. “We all know that entrepreneurship and innovation play are a critical ingredient in growing the economy of any city.” 2017 BCMM Agricultural Show The BCMM Agricultural Show was a two-day event which began from 20-21September 2017. Day one consisted of information sharing. Speakers gave talks on topics such as markets as well exports. Potential investors and agricultural companies were also invited to make presentations. Day two consisted of demonstrations of exhibition of stalls. Farmers with produce were judged on the day by judges based on how they presented their work. Speaking about the programme Portfolio Head for Local Economic Development Pumla Nazo said, “The programme seeks to acknowledge, encourage and increase the participation of emerging farmers in agricultural sector. The major thrust of this programme is to underline the fact that the emerging farmers play a significant role in food security, job creation, economic growth and poverty alleviation”. “The programme has a long term ambition to leveraged emerging farmers from subsistence and small holder producers to commercial entrepreneur who will also venture in to export market,” she said. The categories that they were judged on comprised of; · Fresh produce farmers · Grain produce farmers · Livestock farmers (small & large) · Poultry farmers · Beadwork · Hand work and · Home industry According to a Municipal Report, the aim and objectives of the agricultural show are: · To provide an environment for all those involved in agricultural development to exhibit their products · To disseminate information on agricultural products for which there is a potential in the City, as well as ways and means for their piloting. · To attract presenters from large-scale corporate buyers of agricultural produce to learn their requirements. · To engage agricultural stakeholders from outside the City to learn different approaches and best practices for agricultural development. · To promote the concept of agro-processing and to introduce possibilities for “home-industry” processing as a means to learn basic methods in preparation for future industrial scale processing. · To engage trade suppliers as potential exhibitors of equipment and inputs. · To attract interest of potential investors in agricultural development from inside and outside the City. The winners for the day each received a cheque for the presentation of their work. The third price which was taken by Cameroon was R10 000, followed by Lesotho in the second place and received R20 000 and lastly the winner of the day was South Africa who received an amount of R30 000 for taking first place. Youth Economic Emancipation Seminar The seminar was held with the aim to encourage and motivate the youth to establish their own Small Medium Micro Enterprises (SMMEs). The theme for this year’s seminar was, Enhancing Youth Economic Participation in Economic Development for Job Creation. Speaking at the seminar Portfolio Head for Corporate Services Nomfezeko Ngesi said, “The young people of the Metro are faced with various socio-economic challenges such as unemployment, HIV/Aids, crime and various others.” Ngesi added that seminars such as these are a great tool to encourage young people to not only seek employment but to create their own opportunities for economic freedom. A panel discussion was held with representatives from various organisations including South African Breweries (SAB), ABSA Bank, the National Youth Development Agency (NYDA), the Office of the Premier Youth Unit, Soul City Institution of Social Development, Boss Babes Movement SA and the Department of Rural Development and Land Reform were part of the discussion. Speaking on behalf of SALGA, the Advisor for Human Development Natasha Poni said, “Not all of us are going to get a university degree but if you have a talent explore that talent.” She also pointed out that a lot of musicians in South Africa are from the Eastern Cape. Poni also encouraged young people to take up every opportunity that is presented to them and to learn to be independent about the decisions that they make. The representatives presented and encouraged the youngsters to seek various sustainable employment opportunities and channels they could take to combat the issue of unemployed. Discussions around the issue of how to fill in forms for bursaries, internships and the correct way to draw up a business which will attract investors to help fund their business ventures. Ayanda Msiza, an unemployed youngster from Duncan Village said, “The Metro needs to hold more information sessions such as these. “We are often not aware of how to go about applying for internships or bursaries, the information I have received here will really help me in the near future.” Founder of the Boss Babes Movement SA Yamkela Njingolo who was previously unemployed speaks about how the Non-Profit Organisation provides career and entrepreneurial guidance to South African women who aim to empower themselves. Njingolo reflected on the hardships she had to endure to get to where she is today. “One lesson I have learned along the way of establishing my own business and being a business women is that if you want to go fast go alone, but if you want to go far take others with you,” said Njingolo. Due to the large numbers of aspiring entrepreneurs ABSA offered to organise and host a free one day financial management course on how to manage finances, how to draw up a business plan and the correct steps required to receive funding for a business model. Comments are closed.