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Coega at the cutting edge of job creation through SMME Development – recognises SMMEs who have excelled in the SMME Development Programme - published 29 Jun 2022

Coega at the cutting edge of job creation through SMME Development – recognises SMMEs who have excelled in the SMME Development Programme

CELEBRATING SUCCESS: some of the SMMEs who have excelled in the SMME development programme in the FY21/22. (left to right) Amanda N. Dosi (Amathunzi General Trading), Cynthia Ndike (Savela Tradeline), Vritney Charls (Serviplex 123 Electrical), Chuma Tshangela (Liphumile Agencies), Ziyanda Kaleni (SMME Unit BD Manager), Thando Mabona (Falcon Security). (back left to right) Unathi Maholwana (CDC SMME Programme Manager), Happy Frieroza (MK Cooling), Phumeza Kate (Ilinge Lethu Bafazi Trading), Nompilo Dube (Infallible Project Trading) and Rodger Arries (4RGA Electrical).

Gqeberha, South Africa, 29 June 2022 – The Coega Development Corporation (CDC) recently held an event to celebrate the successful participation of Small Micro Medium Enterprises (SMME) who took part in its flagship SMME Development Programme.

The luncheon, which took place at the Bluewater Bay Sunrise Hotel (BWBSH) under theme Recognising Excellence, touched on the role played by SMMEs in creating jobs and building the economy, “it’s certainly our intention with the programme to create opportunities for emerging businesses and by doing that, we will be contributing to the high unemployment rate plaguing the country,” highlights Unathi Maholwana, CDC SMME Programme Manager.

OUTLINING THE ROAD MAP: Unathi Maholwana, CDC SMME Programme Manager spoke on the impact of SMMEs in the broader economy.

In giving his inputs, Craig Luckman, CDC Unit Head: Industrial Relations Human Capital Solutions, highlighted: "in the FY2021/22, the programme managed to see over 51 SMMEs successfully improving their Construction Industry Development Board (CIDB) grading, a process facilitated by the CDC. Furthermore, the CDC spent more than R1.5 billion on SMMEs during the past financial year ending 31 March 2022.”

REFLECTING: Craig Luckman CDC Unit Head: Industrial Relations Human Capital Solutions spoke on the success of the SMME Development Programme.

Phumeza Kate, of Ilinge Lethu Bafazi Trading, one of the beneficiaries of the SMME Development programme and speakers at the event, touched on the importance of diversifying your knowledge pool. “Initially when I started in the SMME development programme I focused on one class of work. However, through exposure and guidance from the Coega SMME unit, I managed to diversify and tapped into other sectors, which broadened my knowledge base and exposed me to new opportunities.”

INSPRING OTHERS: Phumeza Kate (Ilinge Lethu Bafazi Trading) spoke of her experience as an up & coming entrepreneur.

Recently, the CDC announced that as an implementing agent (IA) on behalf of various clients it managed to break down work packages to benefit emerging businesses. “In one of our mega projects, the Tshwane Automotive Special Economic Zone (TASEZ) just last year, R324.3m was achieved on SMME procurement spend out of R2bn expenditure on the project, from April 2021 to December 2021,” adds Ms Maholwana.

The overall SMME expenditure for the CDC, inclusive of TASEZ, industrial development zone, and external programmes is currently at R 1.569 219 792.87 bn. Further, with the CDC targeting businesses owned by women, it managed to benefit Black Woman Owned businesses to the tune of R316,196.12m with Black Youth Owned businesses coming in at R38.917,784.40m.

The CDC SMME Development Programme, led by the CDC SMME Unit, also comprises of training and mentorship of SMMEs on tendering for construction contracts, basic business concepts, applying health and safety standards, and business finance.

From April 2021 to December 2021, a total of 213 SMMEs benefitted from this training at a cost of R870 300.00. As of 31 December 2021, the CDC’s total value of contracts awarded to SMMEs through the SMME Unit’s Development Programme equates to R686.352 009.51m.

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