CAPE TOWN, October 12 – Small Business Development Minister, Lindiwe Zulu has used her time in China to help unlock the Chinese market for small businesses and cooperatives, her office said on Wednesday.
Zulu was leading a South African small business delegation at this year’s three-day China International Small and Medium Enterprises Fair (CISMEF) which takes place in Guanzhou, China, from October 10 until October 13.
It is said Zulu challenged her Chinese counterparts and Chinese businesses to help open their markets to South Africa’s small and medium businesses.
“Many SMMEs and Cooperatives have pointed out to us that their growth and sustainability is hampered by lack of access to markets. CISMEF must be a platform that opens the doors for many SMMEs to enter global markets,” Zulu said.
The department has made a commitment to facilitate market access to small businesses.
“The over thirty businesses that we have brought here and many others back home are looking for an opportunity to grow their businesses. Our participation at this year’s CISMEF is our practical effort to promote market access,” she said.
“We are here to show you a taste of what South Africa can offer.”
Zulu urged small businesses to seek markets beyond the borders of South Africa.
“The truth is that the walls separating nations are falling and the globe is getting smaller. However, the queues of the unemployed remain unacceptably long, especially in the developing world. CISMEF highlights the importance of global entrepreneurship that cuts across borders,” Zulu said.
“We believe that investing in small business will help us respond to the many socio-economic challenges that still stubbornly stare us in the face. Small businesses are the heartbeat of our economy and engine for economic growth and job creation.”