Small business finance and the collapse of African Bank

With the Reserve Bank putting African Bank into curatorship on Monday the issue of micro loans is once more hitting the headlines for all the wrong reasons.

Micro loans are typically spoken of as personal loans but a growing number are issued to small business owners who can’t get finance through the big banks, mainly because they don’t have collateral.

Ward 32 by-election - a hard fought contest with victory for the DA

On Wednesday there were two by-elections in Johannesburg necessitated by the election of councillors Gordon Mackay (ward 90) and Darren Bergman (32) to Parliament as MPs. All constituencies in South Gauteng were asked to help out with canvassing and mine, Soweto West, was allocated Ward 32 which covers an area in north eastern Joburg including Linbro Park, Modderfontein, the northeastern tip of Alexandra, Greenstone, Buccleuch and Klipfontein View in Midrand. It's a very mixed ward demographically speaking, and Darren won it against the odds by a couple of hundred votes in the 2011 municipal elections. It was vital we retained it with an increased majority. Ward 90 is a safe DA ward so we expected to win it comfortably.

Minister Zulu must target film industry as strategic industry

Democratic Alliance press statement by

Toby Chance MP

DA Shadow Minister of Small Business Development

Minister Zulu must target film industry as strategic industry

13 August 2014

Release: immediate

The DA calls upon Minister Lindiwe Zulu to target the film production industry as a strategic industry for job creation in South Africa by establishing sector specific business incubators for small and medium enterprises within the film production sector. 

This follows an announcement by the Minister of Trade & Industry, Rob Davies,  to lower the threshold for film production companies claiming rebates for films produced in South Africa. 

Department of Small Business Development needs a strong captain at the helm

 Democratic Alliance press statement by

Toby Chance MP

DA Shadow Minister of Small Business Development

Department of Small Business Development needs a strong captain at the helm

08 August 2014

Release: immediate

A reply to a recent DA Parliamentary question reveals that the Department of Small Business Development continues to struggle with formulating an effective mandate and policy direction, crucial for justifying its existence as a new Ministry, and for growing effective support for small business enterprises.

According to the reply, the Minister will assess the “existing policy areas that inform the mandate of my department” and support the implementation of programmes for “access to finance, business skills development, market access, competitiveness, easing regulatory environment, and advancing localisation.”

People doing what they are passionate about

Now that we have a fortnight's break from Parliament, this week I have filled my diary with meetings with all sorts of people, all one way or another connected to small business development and entrepreneurship. It started on Saturday at the Soweto Arts & Crafts Fair and Sunday at the showing of the Step up 2 a Start Up film at Eastgate. Yesterday I met Pierre van den Hoven who told me about his just-launched mobile video app, Tuluntulu, which is at the cusp of a revolution in they way we watch TV. Today I was introduced to three completely different enterprises, run by tight-knit teams of dedicated and passionate people who care deeply for South Africa and have chosen their own ways of making a difference.

Step up 2 a Start up

Yesterday I made an early start to the day and drove to Eastgate Mall to attend an inspiring viewing of the new film produced for Primestars' innovative Step up 2 a Start up entrepreneurship programme. Devised by the irrepressible Martin Sweet, the programme is aimed at inculcating a culture of entrepreneurship among grades 10, 11 and 12 learners as they prepare for the world of work.

Sue Schneider from Gearhouse, Toby Chance, Robyn O'Leary from 3M and Martin Sweet from Primestars with a group of learners.   Photos courtesy Colin O'Leary

Soweto Arts & Crafts Fair

Yesterday I visited the Soweto Arts & Crafts Fair which takes place on the first Saturday of every month at the Soweto Theatre in Jabulani, right next to the Jabulani Mall. It's the brainchild of Tsepo, Mbali and Simphiwe who are young artists and entrepreneurs wanting to make a difference in their community especially in the field they know well.

My visit served two purposes: mingling with residents in the constituency that is now confirmed as mine - Soweto West, which comprises 10 wards including Ward 34 where the market is located; and second, fulfilling my role as the DA Spokesman on Small Business Development.