NEWS FLASH
 
For immediate release
 
09 May 2016
 
Regional Business Fairs Boost Local Economy
 
In response to President Jacob Zuma’s nine point plan to respond to slow growth in the South African economy, eThekwini Municipality has initiated regional business fairs three regions of the City.
 
This year’s Regional Business Fair will take place on 13-15 May 2016 at the KwaMnyandu Shopping Centre in Umlazi. It is an ideal opportunity to enable businesses to contribute to addressing socio-economic challenges facing the City.
 
President Zuma’s nine point plan, announced during the State of the Nation Address last year, outlines the approach to grow the economy and to create much needed jobs. This will in turn accelerate growth and attract more investment in cities. He placed emphasis on unlocking the potential of small, medium and micro enterprises (SMMEs), cooperatives and township and rural enterprises.
 
EThekwini Mayor James Nxumalo said the Municipality has a programme in place that supports the development of small businesses in remote areas and encourages their involvement in fast growing economies.
 
“SMMEs play an important role in the economy and contribute substantially to income, output and employment. They are a vital engine of innovation and job creation. It is through business fairs that support mechanisms for SMMEs are implemented,” said Nxumalo.
 
The Regional Business Fair in Umlazi is set to bring new features that will transform the operation of small businesses in a fundamental way. These features include master classes, construction, fashion, start-up & go and youth entrepreneurship.
 
Workshops, facilitated by experts in the business sector, will also be held at the Fair. The experts will be on hand to provide knowledge on how to access the market and assist SMMEs grow their businesses by making changes to their business models and products while using technology to compete with bigger companies.
 
Nxumalo said the focus on growing SMMEs, who would be guided by business experts, would assist to reduce unemployment and poverty in the City.
 
He encouraged small and large businesses in various sectors including youth, women and other agencies to be part of the Regional Business Fair. Nxumalo said business owners would be equipped and have their skills upgraded which would enable them to access opportunities while exposing them to international trends.
 
ENTRANCE TO THE REGIONAL BUSINESS FAIR IS FREE!!!
 
ENDS
 
Issued by the eThekwini Municipality’s Communications Unit.
 
For more information contact Municipal Spokesperson Spokesperson Thulani Mbatha on 031 311 4820 or 082 651 6290 or email: thulani.mbatha1@durban.gov.za or Princess Nkabane on 031 311 4818 or email: princess.nkabane@durban.gov.za