JoGEDA to host the third SMME Summit


SMMEs are considered to be the engine for growth in the South African economy as innovators and creators of jobs. However, small businesses are facing challenges that are causing most businesses to fail. According to the Department of Small Business, only 37% of SMMEs survive to their fourth year. This failure has been attributed to small businesses having difficulties accessing funding and having access to markets.

To address these challenges faced by SMMEs in the district, the Joe Gqabi District Municipality through its development agency the Joe Gqabi Economic Development Agency (JoGEDA), in association with the Eastern Cape Development Cooperation (ECDC), Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) and the University of Stellenbosch’s Small Business Academy has established an Enterprise Development Programme to assist SMMEs to stand a better chance to succeed in business. The programme was launched in 2016, JoGEDA recruited 26 SMME owners from all over the region to undergo a Business Skills training course offered by the University of Stellenbosch’s Small Business Academy over an eight-month period. The course included financial management, marketing, business communication and business plan writing.

The second intake of the programme will on Tuesday, 07 August 2018 graduate at a ceremony to be held during the third JOGEDA SMME Summit. Now in its third year, the SMME Summit has in the past brought together entrepreneurs, all spheres of government and state enterprises by providing a platform for removing and or mitigating challenges to the growth of SMMEs in the district.

In 2018, JoGEDA has recognised the importance of including corporate South Africa in the summit to showcase their enterprise and supplier development initiatives. The agency would also seek to showcase investment opportunities to prospective entrepreneurs and how these opportunities can be accessed. The intended outcome would be economic growth for the region as levels of increased investment not only contribute economic growth, but they would directly improve the employment of locals and reduce inequality levels that are prevalent in this region. The key objectives of the SMME Summit are:

  • To facilitate dialogue between SMMEs, commercial banks, government departments, business and development finance institutions, corporates
  • To provide non-financial support and provide investor match-making initiatives to SMMEs in the district
  • To witness the graduation ceremony of the second group of SMMEs from the University of Stellenbosch Small Business Academy (Eastern Cape)

Details of the event are as follows:
Date: Tuesday, 07 August 2018
Time: 09h00 till late
Venue: Limakatso Conference Centre, Aliwal North

Media enquiries can be directed to Mr Mzukisi Peter on 051 633 2335 or via email

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