Posted: June 29, 2022
The Deputy Minister of Trade, Industry and Competition (the dtic) has urged the youth of eDumbe Local Municipality to apply sound financial management practices in the day-to-day running of their businesses in order to grow and sustain them. She asserted that responsible financial literacy was key to running a sustainable business and maintaining a healthy asset base. Gina said this during the eDumbe Youth Business Seminar which took place in Paulpietersburg, KwaZulu-Natal.
Gina mentioned that the time had come for small and medium enterprises to start investing in their businesses in order to grow them and to ensure that they run companies that are going to contribute in the eDumbe’s economy.
“The practice of acquiring liabilities in the form of luxury cars and spending money on items that play no meaningful role in the upkeep of the business must come to an end. It is time that our young businesspeople walk in this journey with us as a government in undoing the injustices of the past by giving rise to a new breed of a businessperson who is passionate and forward-thinking in running their businesses,” she said.
Gina also expressed satisfaction at the level of enthusiasm that the youth demonstrated during the seminar in their quest to gather as much information as possible to improve their businesses going forward.
“It was quite satisfactory to see the turn-out on the day and the level of participation of the youth of eDumbe. I hope today’s seminar will be a turning point in the business makeup and participation of this town,” said Gina.
Bongani Lukhele – Director: Media Relations
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Issued by: The Department of Trade, Industry and Competition (the dtic)
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