Vaal LED Warriors working towards the a sustainable Golden Triangle region

Annette Willemse -- Tue, 07/05/2016 - 12:17

Vaal LED Warriors working towards the a sustainable Golden Triangle region

The Vaal Small Business Development Workshop aims to assist small and medium enterprises (SMEs) in overcoming challenges such as accessing funding, professional networking and financial management.

This is according to Dr Danie Meyer – lecturer within the School of Economic Sciences on the Vaal Triangle Campus of the North-West University (NWU Vaal) and founding member of the Vaal Local Economic Development (LED) Warriors, during the recent first Vaal Small Business Development Workshop hosted on the Campus. The event represented a collaboration between the Vaal Triangle Campus, the bHive Enterprise Development Centre (bHive EDC), the Vanderbijlpark Chamber of Commerce and NAFCOC-Sedibeng.

According to Dr Meyer one of the most predominant problems that SMEs have is with the accessing of finance, and as such it represents a major difficulty to not only their development and success but also to the economic wellbeing of the Vaal Triangle region. In his address at the inaugural workshop, he explained the role and principles of the Vaal LED Warriors as a community group committed towards the revitalization of the local economy through coordination, networking and the support of all members. In short: to regenerate the Vaal Triangle into the Golden Triangle. The latter referring to an economic stable and growing region with a strong emphasis on entrepreneurship, innovation and job creation.

In just more than seven months since the inception of the group more than 450 members – comprising of business owners, industry representatives, entrepreneurs and students, have joined the initiative. Dr Meyer goes as far as to label the Vaal LED Warriors as a “positive support pressure group” and adds that the group is involved in several major projects. These projects include: the marketing of the region, support in terms of the betterment of the sewer capacity in the Emfuleni area, Vaal River development projects which are closely linked to township tourism, the development of formal shelters for informal traders, various clean-up campaigns, agricultural-tunnel development and the management of a small scale steel and woodwork factory.

Partnership to aid prosperity

The Vaal LED Warriors together with the Vaal Triangle Campus form the basis from where all activities pertaining to local economic development take place. From within this hub partnerships are forged with the academic community, the civil community at large, several local government entities, and business and industry partners.

The Vaal Small Business Development Workshop is set to become an annual event during which members can share best practices and professional networks can be developed.

For more information about the Vaal LED Warriors please contact Dr Meyer by sending him an email at Daniel.meyer@nwu.ac.za

Dr Danie Meyer Collaborative partnerships are the solution to economic regeneration

 

Location

Vaal Triangle Campus
Hendrik van Eck Boulevard Vanderbijlpark
South Africa