JUNE - JULY 2019 | ISSUE #4
w w w. b b u l le t i n . c o . z a
IDEAS EXPO
SKINNY SBU
KHUMBUDZO NTSHAVHENI NEWLY APPOINTED MINISTER OF SMALL BUSINESSES
TEN ESSENTIALS
THAT ATTRACT
INVESTORS DIVA SOURCE
CHIEF JUSTICE MOGOENG MOGOENG SWEARING IN THE NEW CABINET MINISTER OF SMALL BUSINESS DEVELOPMENT, KHUMBUDZO NTSHAVHENI
PLASTIC MAN
MMINO-WA CLAP-N-TAP
The President Cyril Ramaphosa has finally appointed his new cabinet and announced it on the 29 May 2019. The new cabinet for the sixth administration includes the new a Minister of Small Business Development Khumbudzo Ntshavheni. Khumbudzo hails from Sibasa in Limpopo, South Africa not new in the political, leadership and entrepreneurial space she is the former Managing Director at Phore Farms, was non-executive Director at Denel SOC she is a Trustee at Bokamoso Ba Rona Investment Trust, work as Chief Operations Officer at State Information Technology Agency (SITA), she led Ba - Phalaborwa as a Municipality Municipal Manager, Chief information officer at Dept of Local Government and Housing a Former Spokesperson for the Premier and a former lecturer at UNISA.
The new minister is not just talk but she can back it up as a learned woman with a d Degree, Master of Business Administration, business management The Department of Small Business Development has in a statement issued last week welcomed Minister Khumbudzo Ntshavheni and Deputy Minister Rosemary Capa. The Department of Small Business Development was established five years ago and was led by the outgoing Lindiwe Zulu. The ministry said the new Minister together with the Deputy Minister will be leading a critical ministry in the economic cluster tasked with the responsibility to empower and develop Small to Medium enterprises as well as Cooperatives. THE DEPARTMENT HAS FOUR SERVICES: 1. The Black Business Supplier Development Programme (BBSDP)
is a cost-sharing grant offered to black-owned small enterprises to assist them to improve their competitiveness and sustainability to become part of the mainstream economy and create employment 2. The Co-operative Incentive Scheme (CIS) is a 100% grant for registered primary co-operatives (a primary co-operative consists of five or more members). The objective of the CIS is to improve the viability and competitiveness of co-operative enterprises by lowering their cost of doing business through an incentive that supports Broad-Based Black Economic Empowerment. 3. The Shared Economic Infrastructure Facility intends to leverage public sector investment that would provide necessary infrastructure by creating an enabling environment for businesses to crowd in investment,
mostly in townships, rural areas and the inner city where there is clear business activity taking place. 4. The National Informal Business Upliftment Strategy (NIBUS) seeks to uplift informal businesses and render support to local chambers/ business associations and Municipal Local Economic Development offices to deliver and facilitate access to upliftment programmes. The focus will mainly be on designated groups, i.e. women, youth and people with disabilities, in townships and rural areas of South Africa. The strategy advances Government priorities of speeding up growth and transforming the economy to create decent work and sustainable livelihoods through inclusive growth. The portfolio of Small Business Development is supported by two agencies The Small Enterprise Finance Agency and the Small Enterprise Development Agency (Seda)
