Tags: Marius Alberts | ANC | Deloitte Western Cape | South Africa

Public - Private Cooperation Good for South African Business

By
Tuesday, 13 Jan 2015 10:08 AM Current | Bio | Archive

South Africa is made up of 9 provinces. Of these 9 provinces 8 are governed by the majority ruling party, the African National Congress (ANC). The outstanding province of the Western Cape is governed by the strongest opposition party the Democratic Alliance (DA).

You don’t have to delve too deep into the political or economic situation to realize the different approaches that these two opposing parties have applied to their respective provinces.

The purpose of this article is not to focus on the different styles of leadership but rather to discuss the latest initiative by the DA to address economic growth and job creation in the Western Cape.

The DA in partnership with Deloitte has launched the Western Cape Funding Fair aimed to kick start small and medium sized businesses (SME’s) across the province. The funding barrier has always been a dismantling stumbling block for budding entrepreneurs and small business. The Funding Fair will give project promoters critical face to face time with various investment institutions and entrepreneurial investors.

Application for entry to the Fair closes on the 30th of January. There are no industry specific requirements for entry only that the minimum required investment should be higher than R10m — $863 000.

Fifty successful applicants will be given the opportunity to pitch their business propositions and funding requests to a panel representing major funding bodies.

Marius Alberts, Deloitte Western Cape regional leader, explained in a Cape business News article, “Put simply, the rationale is to get as many project promoters in front of as many possible funders and investors in a focused one-day session.”

This proactive cooperation between government and private institutions bodes well to take advantage of the innovative and entrepreneurial characteristics inherent in the young South African population in an attempt to aid socio-economic development in region.

Matthew Klynsmith earned a business administration diploma at CTI in Cape Town, South Africa. He now works at Strategic Options as an associate partner. To read more reports from Matthew Klynsmith, Go Here Now.
 

 



© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
MatthewKlynsmith
Proactive cooperation between government and private institutions bodes well to take advantage of the innovative and entrepreneurial characteristics inherent in the young South African population in an attempt to aid socio economic development in region.
Marius Alberts, ANC, Deloitte Western Cape, South Africa
333
2015-08-13
Tuesday, 13 Jan 2015 10:08 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved