The Department of Economic Development and Tourism (DEDaT) in partnership with Mme Re Ka Thusa and SEDA held a business development empowerment workshop in the Mareng and Phokwane municipalities on 26 October 2016.
The purpose of the workshop was to enlighten the community about the services they offer and the opportunities that are available.
The Economic Empowerment Unit from the DEDaT introduced themselves as a unit that promotes and supports the participation of HDIs in the mainstream of the economy through business intelligence, skills development and enterprise development. In line with the mandate of the Department of Small Business, the unit will consult relevant units for opportunities they offer and continue to use old programs with opportunities where they are still available such as, TWIB, TECHNO GIRLS and BAVUMILE.
The unit also assists in identifying list of projects at the local municipalities, Skills Development opportunities through the office of the Premier and Sector opportunities specific to the Northern Cape such as Renewable Energy. Empowerment officials further explained that the department is also responsible for facilitating the Cooperative registration process as well as proving support for these cooperatives. A co-operative is a member-owned business structure with at least five members, all of whom have equal voting rights regardless of their level of involvement or investment. All members are expected to help run the cooperative. It is a separate legal entity and members, directors, managers and employees are not liable for any debts incurred unless they are the result of recklessness, negligence or fraud. A co-operative usually only allows a limited distribution of profits to members (some don’t allow any). This business structure encourages a democratic style of management and promotes the concepts of sharing resources and delegation to increase competitiveness.
This was a very informative workshop with stakeholders “Coming together in business development”