Wednesday, 11 October 2017

ANC presidential hopeful Dr Nkosazana Dlamini-Zuma joins the PC on Small Business Development

Today, ANC presidential hopeful Dr Nkosazana Dlamini-Zuma sat for first time as a Member of the Portfolio Committee on Small Business Development.

Her appointment was published in the Announcements Tablings and Committee Parliamentary papers on Friday which elicited some media coverage but little commentary as to why she had chosen or had been deployed to this committee.

She arrived shortly before the meeting opened along with another new member, Mervyn Dirks, also from the ANC (he replaced the late Timothy Khoza who was tragically killed in a car accident while on an Education Committee oversight visit in Paarl in August).

Monday, 2 October 2017

Opinion piece in Sowetan newspaper 5th September - how to reduce unemployment through growth of small businesses

South Africa’s unemployment rate has hit a new high, with 36,4% of working age people out of work or no longer looking for a job.

In the current environment of flat or no growth, with large firms slashing jobs and small firms just hanging on, any talk of new jobs may seem wishful thinking. A negative attitude towards the future is self-fulfilling, so we must craft a future of positive outcomes based on realistic scenarios.

In the NDP’s scenario, 90% of the 11 million new jobs we need by 2030 will come from small business. The NDP is already 5 years old, written at a time when SA’s economy was growing at around 3%. Now growth is less than 1% and a further ratings downgrade in December (or earlier) would undoubtedly keep it there, or worse. So is it realistic to expect small businesses to hire people in such depressed conditions?

Friday, 15 September 2017

Media Statement: Small Enterprise Finance Agency (SEFA) loses R20 million due to maladministration

Media Statement
by Toby Chance MP - DA Shadow Minister of Business Development

Date: 14 September 2017
Release: Immediate
Type: Press Statement

Yesterday, the Small Enterprise Finance Agency (SEFA), released the findings of a forensic investigation into a R20 million loan deal it made to a failed chicken project in Mpumalanga. The findings were an indictment on SEFA’s corporate governance practices as it found instances of embezzlement, fraud, theft and poor internal controls.

Monday, 11 September 2017

Interview on PowerFM - Department of Small Business Development fails to deliver on its mandate

Last night I did a recorded interview with PowerFM's Power Zone which was aired on the show between 12 and 3 am this morning. They had picked up my opinion piece which appeared in yesterday's Sunday Independent where I wrote about the Portfolio Committee's oversight visits to Mpumalanga, KZN and the Free State, and my view that the Department of Small Business Development is failing to deliver on its mandate. In fact this is not just my view: the entire Committee agrees.

On Wednesday we have Sefa coming to the Committee to answer charges of corruption and maladministration of its loan book, 47% of which was impaired in the 2016/17 financial year.

You can listen to the podcast of the interview here.

Friday, 8 September 2017

Motion to debate the DSBDs inability to fulfil its mandate

  National Assembly
                                              Notice of Motion

Internal Ref Number:
Toby Chance     

I hereby move on behalf of the Democratic Alliance that at its next sitting this house debates the Department of Small Business Development’s inability to fulfill its mandate and its continued relevance as a vehicle for developing and implementing policies that create jobs.

Declaration in the House on the Portfolio Committee's reports on oversight visits, September 7th 2017

Speaker, a veil of tears has descended on this committee after it experienced profound sadness, frustration and disappointment on its oversight visits to KwaZulu Natal, Limpopo and Mpumalanga.

What we found left Members dispirited at government’s incapacity to do even the most basic things required to improve the lives of our people.

In KZN, the Department has supported a number of primary agricultural co-ops for over two years through its Cooperative Incentive Scheme. A technical partner provides training in business management and farming skills, access to markets through negotiated off-take agreements, and new technologies to improve productivity and vegetable quality.

Statement in the House on the DSBD's presentation to the Standing Committee on Appropriations

On Tuesday I read the following statement in the House. Minister Zulu was not there to respond and although Deputy Minister November was present she gave no response.

On Friday the Department of Small Business Development presented its 2016/17 fourth quarter report to the Standing Committee on Appropriations.

Under close questioning by members of the Committee, the Director General and her officials revealed the full extent of the under-performance that has characterised this Department since its formation over three years ago.