SMMEs critical for job creation

Finance minister says 80% of jobs are created by firms with fewer than 50 workers (Oct 3)

Speech by Finance Minister at the South African Chamber of Commerce and Industry (SACCI) Annual Convention Gala Dinner

3 Oct 2011

Introduction

Thank you for this opportunity to speak at the Annual South African Chamber of Commerce and Industry (SACCI) Gala Dinner. I would like to congratulate you on the topics chosen for the Convention; namely Leadership, Sustainability and Development. We are living through extremely challenging economic times, the post-recession recovery where leadership will be severely tested, with the sustainability of old models questioned and the focus on development sharpened.

Our morning coffee, as we open the papers, has been frequently disturbed by news of renewed market volatility and worsening financial and economic turmoil.

via Politicsweb – SMMEs critical for job creation – Pravin Gordhan – DOCUMENTS.

Wakey-wakey – we’ve been saying this for 28 years!

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Zuma comment promotes crime

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“President Zuma’s comment that South African jails are full of black people because black people are not given opportunities in South Africa, promotes crime. The comment creates the justification for and the excuse to commit crime. There are many other African countries where black people have even less opportunities, but they do not commit crimes as a result of it. Zuma should guard against causing polarisation by dividing South Africa into two groups, i.e. one white and wealthy and one black and poor, just as his predecessor, Mbeki, had done,” Mr. Pieter Groenewald, the Parliamentary leader of the Freedom Front Plus says.

 

“Zuma is also ill-informed if he views affirmative action to be the cause of it. Affirmative action has forced experts out of the country and as a result of it there are less job opportunities in South Africa. If Zuma wants to create more job opportunities he should listen to his Finance Minister, Pravin Gordhan, who has said that labour legislation should be changed to create a more favourable climate for investment. If Zuma paid more attention to education and training in South Africa, the country would gain more expertise which in turn would create more job opportunities,” Groenewald said.