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Minister of Small Business Development reveals why government and you need to work together

by , 30 July 2014
Shortly after the May elections, President Jacob Zuma announced his new cabinet. One of the key things he announced was the establishment of a Small Business Development ministry.

Since then, Lindiwe Zulu, the Minister of Small Business Development, has been hard at work and settling into her new role.

Recently, she spoke to MoneyWeb about her plans for the small business sector.

Read on to find out what she had to say about disputes between business, labour and the state and legislation when it comes to the small business sector so you can judge for yourself if she's really going to address some of the bottlenecks you face as a business owner.

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The Minister of Small Business Development plans to do the following when it comes to challenges facing the small business sector


When minister Zulu delivered her maiden budget vote speech last week in Parliament, she said: Disputes between business, labour and the state won't be allowed to derail support plans for the small business sector.

MoneyWeb asked the minister what she thinks of the relationship between those three very key stakeholders at the moment.

The minister responded by saying that those three key stakeholders are very important and her department should help them maintain a good relationship because they need each other. It's the only way to build SA's economy and ensure more people are employed.

After all, business on its own can't absorb all these people and it's also very clear that small and medium enterprises and cooperatives have got a greater capacity of bringing more people into the labour force.
 

The Minister of Small Business Development had this to say about small businesses and legislation


MoneyWeb highlighted to the minister that one of the key things she must address is legislation.

The site asked her about the role her department will play because critics say that the full weight of the law is heavier on small businesses than it is on corporates in this country.

Zulu responded by saying: 'We're going to be looking at the current legislation... We have to look at the legislation because [that's] what small business people have been saying to us since we came in here – they clearly indicated to us where the bottlenecks are, they clearly indicated to us what the challenges are.'

While the minister acknowledges that she's heard complaints from the small business sector that the current legislation isn't conductive, she pointed out that change won't happen overnight.

She said: 'I think that we need to give ourselves time because in order for us to address that, we cannot address it without proper discussions with labour, proper discussions with other relevant departments so that by the time we bring these in where the changes need to be, we have the support of everybody.'

But at the end of the day, she realises the need for speed her department need to focus on current businesses and how they can be upscaled using legislation and regulatory environment.

These are some of the plans the Minister of Small Business Development has for the small business sector. Keep reading FSP Business for the second instalment of the minister's plans regarding small businesses.
 



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