The manner in which South Africa finances and provides support so a small and medium-sized enterprises, most of which have the potential to grow, is not adequate. EFF will develop a model that will provide sustainable enterprise finance and development without requiring sureties from previously disadvantaged individuals and youth, who do not own as surety but have a workable and bright ideas and innovations that can make a busines sense. Providing enterprise finance is inherently risky but the state cannot operate in the same way in which private banks operate. The state should always know that, in the process of giving enterprise finance and support, it might win or lose but such suppoert cannot be curtailed by demanding sureties which an absolute majority of enterpreneurs do not have. Instead of demanding sureties from previously disadvantaged and youth enterpreneurs, development finance institutions should allocate each funded business an accountant who will authorise or decline procurement for infant enterprise with a set of rules in order to avoid unjustifiable wastage of development finances. There are currently many graduates who are unemployed owing to not completing their accounting degrees or being underemployed by banks who can be redirected to support such enterprises. This will give to genuine youth enterpreneurship and innovation without due worries about enterprise finances. Street Hawkers should be allocated trading infrastruture in all Cities by Municipalities. Police harassments and dispossession of the goods traded by Hawkers should be illegalised as these are people who sustain their lives through selling basic goods and services. This is what EFF represent, we are the voice of the marginalized citizens and by all this we are saying Power to the people#Asijiki.
Posted on: Thu, 12 Sep 2013 07:12:17 +0000
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