Cultivate the spirit of entrepreneurship for societal progress: MEC Phosa

29 Monday 2011

Mpumalanga MEC for Finance, Mrs YN Phosa urged roles players within the tourism, agri-culture, forestry, farming and engineering industry to create jobs through entrepreneurship to improve economy.

Addressing delegates at the first Entrepreneurship & Leadership Network South Africa in Nelspruit on Monday 29 August, MEC Phosa said entrepreneurship, whilst is an important ingredient of business development, can also influence life in many different ways, making significant positive contribution to the improved standard of economic and social life.

“In my view, development is depended on a greater number of people taking initiative to make it happen,” said MEC Phosa.

Phosa said the drive for job creation is depended amongst others on the effectiveness with which the small and medium sized enterprises (SMMEs) play a part in economic development.

MEC added “despite specific efforts that are made to strengthen this sector they still face numerous challenges, especially lack of skills and financial support amongst others.”

“SMMEs continue to be regarded as a high risk sector by the financiers, yet we know that they have a great potential to minimise the highest risks that corporate SA complains about which is the effects of crime on business, ” said MEC Phosa.

MEC further told the delegation about government plan to create more jobs.

The government has declared 2011 as a year of job creation through meaningful economic transformation and inclusive growth, she said.

The province has, in relation to this declaration, resolved to support and strengthen sectors with high economic activity such as agriculture and manufacturing in Gert Sibande, mining, utilities and finance in Nkangala as well as community services, trade and construction in Ehlanzeni to maximize economic growth.

“We appreciate the fact that the government should do more to ensure enabling environment for business and other social partners to create enough job opportunities to take our people out of the realm of poverty and unemployment,” added Phosa.

For more information, contact:

Letshela Jonas on 013 766 4243 / 079 5000 154 or Joseph Mkhonto on (013) 766 4162 / 082 627 1750
Issued by Communications, Department of Finance, Mpumalanga Provincial Government