Small business to play a critical role in thriving economy

Annette Willemse -- Thu, 06/09/2016 - 10:54

Small business to play a critical role in thriving economy

Small business plays a critical role in any thriving economy. The Banking Association of South Africa recently released a statement saying that Small and Medium Enterprises (SMEs) have been identified as productive drivers of inclusive economic growth and development in South Africa and around the world.

Some researchers have estimated that, in South Africa, small and medium-sized enterprises make up 91% of formalised businesses, provide employment to about 60% of the labour force and total economic output accounts for roughly 34% of GDP.

With this in mind the Faculty of Economic Sciences and Information Technology on the Vaal Triangle Campus of the North-West University (NWU Vaal) and the Vaal LED Warriors, in collaboration with the Enterprise Development Centre (bhive EDC), the Vanderbijlpark Business Chamber and NAFCOC: Sedibeng will be hosting the region’s first Vaal-Triangle Small Business Development Workshop on 30 June 2016. The day-long event will take place at the Campus in Vanderbijlpark. The event is supported by the Sasolburg Business Chamber, Sedibeng District Municipality, Emfuleni Local Municipality and the Metsimaholo Local Municipality – making it an event that will impact on the very core of the region’s current and future economic development.

The theme of the workshop is: “From hope to ideas and beyond”.

The purpose of the event is foremost to showcase local business success stories – and by doing so impart confidence on and motivate upcoming business owners, to embark on relevant skills training and to facilitate business idea generation. With all the major local economic development stakeholders present, the event also promises to serve as a valuable networking session. All business minded members of the Vaal Triangle region – this includes start-up entrepreneurs, the youth and students, - vested business owners, representatives of local government and individuals concerned with local economic development should attend the event.

The programme includes:

•             Motivational speakers

•             High-level business representatives sharing their success stories

•             State supported business development agencies

•             An idea generation workshop

•             A skills development workshop

Delegates will also enjoy a light lunch. Two cost scales are available: R50 if you pre-register before the day of the event, and R75 if you register on the day of the event.

Register to be part of the programme

Seats are limited and interested individuals should hasten to register for the event. Several registration options are available to ensure maximum access to the event:

•             Apply online by visiting

•             Visit the NAFCOC: Sedibeng Office at 112 Phase 1, Tshepiso in Sharpeville or contact William
               on 072 732 8959. Alternatively send an email to

•             Visit the bhive EDC on the Vaal Triangle Campus: Building 3 or send an email to


Vaal Triangle Campus
Hendrik van Eck Boulevard Vanderbijlpark
South Africa