Gauteng Department of Economic Development launches business support campaign

The Gauteng Department of Economic Development (GDED) has announced the launch of the 'Qondisa I Shishini Lakho - Fix Your Business' campaign. The objective of this initiative is to assist small and medium enterprises (SMEs) in becoming regulated and compliant, thereby acting as a catalyst for their growth and sustainability. In a recent interview with CNBC Africa, Raymond Martin, Head of Consumer Affairs at the Department of Economic Development, Gauteng Province, shed light on the importance of regulatory compliance for businesses and the support mechanisms being provided. Martin emphasized that regulatory compliance plays a crucial role in enabling businesses, especially small ones, to operate effectively. He highlighted the department's efforts to simplify the registration processes and ensure that businesses adhere to relevant laws. Martin also discussed the challenges faced by SMEs in meeting regulatory requirements and outlined the incentives and benefits available to encourage compliance. The department has partnered with organizations like Coca-Cola to provide support to businesses, offering education on requirements and certification processes. Moreover, Martin underscored the department's broader aim of creating job opportunities through business support initiatives. By collaborating with social partners and financial institutions, such as the Industrial Development Corporation (IDC) and JEP, the department strives to equip entrepreneurs with the necessary tools and guidance to establish and sustain their ventures. Through a combination of financial and non-financial services, including training and mentorship, the department aims to nurture a thriving business ecosystem in Gauteng. The ultimate goal is not only to promote business growth but also to drive job creation within the province. Partnering with various stakeholders, the GDED is dedicated to fostering a supportive environment for SMEs and contributing to economic prosperity in Gauteng.