Speaking at the South African Business Incubation conference in Midrand, South Africa on Thursday, Ramaphosa said it was through small businesses that his government wanted to change the route of the economy.
“I dream about a South Africa that lies ahead but that we must work for today,” Ramaphosa said.
“In 2030, we should look at ourselves as traders… through your efforts I am certain that we can achieve this vision.”
He said that, in line with the National Development Plan, the South African government had embarked on a journey of lowering the cost of doing business and cutting red tape. This was a demonstration that the government was serious about the development of small business. He added the government placed the nation’s hopes on a thriving and inclusive economy, led by the success of small business.
“If you are (running) small business and ever thought that what you are doing in your garage does not matter, I am here to tell you that it does matter to this economy,” he said.
He said the conference was about sharing best practice to learn, generate ideas, to strengthen co-operation and to find common strategies and solutions to build the economy.
“This platform must encourage entrepreneurs to persevere and it must encourage them to succeed,” he said.
Economic self-reliance should be the economic blueprint of all African economies. Ramaphosa’s words are an energizer to entrepreneurs in Africa. They get the courage to do more. Are African governments supporting small business? No. There is so much red tape and allowance of multinational companies companies to dominate local markets. Is it possible for African businesses to grow into multinationals? Yes, African governments should be more cooperative and supportive. African businesses address customer needs with satisfaction since they know the market’s cultural orientation.
Author: Gesture Chidhanguro