{"id":52985,"date":"2014-02-11T16:53:28","date_gmt":"2014-02-11T14:53:28","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=52985"},"modified":"2014-02-11T16:53:28","modified_gmt":"2014-02-11T14:53:28","slug":"da-wants-to-fund-start-ups-in-gauteng","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/52985\/da-wants-to-fund-start-ups-in-gauteng\/","title":{"rendered":"DA wants to fund start-ups in Gauteng"},"content":{"rendered":"<p>The Democratic Alliance (DA) is targeting job creation in Gauteng which would include the funding of start-ups and small businesses as part of its wider election\u00a0manifesto, set to be announced later in\u00a0February.<\/p>\n<p>&#8220;I believe that entrepreneurs must lead Gauteng. Entrepreneurs are the people at the front-lines of innovation and job creation,&#8221;\u00a0said DA Gauteng Premier Candidate, Mmusi Maimane, during a dialogue with Business representatives in Johannesburg.<\/p>\n<p>&#8220;We must create real jobs! But we must also create a province of entrepreneurs, each with their own job-creating businesses. We know that behind every successful business is a successful entrepreneur.&#8221;<\/p>\n<p>Maimane announced his plan for Gauteng ahead of the elections set for 7 May, underlined by the following\u00a0key pillars:<\/p>\n<ul>\n<li>Rolling out Small Business Incubators where start-ups can share free basic office resources in a single location;<\/li>\n<li>Establishing Opportunity Centres where entrepreneurs can access support services from government more easily than ever before;<\/li>\n<li>Pioneering a new system of Opportunity Cards for entrepreneurs as a means to access credit from government; as well as discounted business advisory services like accounting, training and insurance;<\/li>\n<li>Establishing an Academy for Entrepreneurs in Gauteng.<\/li>\n<\/ul>\n<p>The DA argued that under former President, Thabo Mbeki, South Africa&#8217;s economy grew at an average of 4.5% annually. This, it added, has dwindled to less than 1% at times under Jacob Zuma&#8217;s leadership. Unemployment remains stuck above 35%, the DA said.<\/p>\n<p>&#8220;Under President Zuma, people are becoming unemployed at a rate six times faster than under President Mbeki,&#8221;\u00a0Maimane said.<\/p>\n<p>&#8220;As the Democratic Alliance, we have a tested and viable plan that will see the economy reach 8% in the next 10-years &#8211; the growth rate we need to create 6 million real jobs in South Africa and halve unemployment,&#8221; the political candidate said.<\/p>\n<p>He said that, for a DA administration in Gauteng, the plan starts with the entrepreneur.<\/p>\n<p>&#8220;The problem with the current system is that it disempowers entrepreneurs. Government stands in our way through corruption, red tape, and mistrust &#8211; in fact, government today does not believe that the private sector can be at the forefront of change,&#8221;\u00a0Maimane said.<\/p>\n<p><strong>Entrepreneurial roadmap\u00a0\u00a0<\/strong><\/p>\n<p>The DA said that government owns 55% of the land in Gauteng, with many buildings on that land are either vacant or under-utilised.<\/p>\n<p>&#8220;Our vision is to put out a call for the best business ideas in Gauteng, and then rent out government buildings to the most innovative people for just R1 a year. These premises will act as incubators for small business.<\/p>\n<p>&#8220;We will also subsidise basic resources like internet and phone lines free of charge. Imagine what a difference that will make for many up and coming entrepreneurs with serious plans to grow their business and create jobs,&#8221; Maimane said.<\/p>\n<p>In other government buildings, the DA said it will establish Opportunity Centres that will act as one-stop shops for businesses to get advice and support on their operations.<\/p>\n<p>The party said that one of the biggest challenges entrepreneurs face is access to expensive business advisory services like accounting, insurance and training for staff.<\/p>\n<p>&#8220;That&#8217;s why for qualifying entrepreneurs, we intend to roll-out Opportunity Cards. We will make a budget available, in partnership with the private sector, to provide credits on these cards to businesses so that they can access support services from accredited suppliers at a discounted rate.<\/p>\n<p>&#8220;That way, established suppliers benefit, and so do start-ups. Everybody wins.&#8221;<\/p>\n<p>The DA said it would commit to partner with educational institutions and the private sector to establish an Academy for Entrepreneurs in Gauteng.<\/p>\n<h3 class=\"my-4\">More on the DA and job creation<\/h3>\n<p><a title=\"South African start-up jobs soar\" href=\"http:\/\/businesstech.co.za\/news\/general\/49995\/south-african-start-up-jobs-soar\/\"><strong>South African start-up jobs soar<\/strong><\/a><\/p>\n<p><a title=\"ANC\u2019s employment rhetoric \u2013 a timeline\" href=\"http:\/\/businesstech.co.za\/news\/government\/51660\/ancs-employment-rhetoric-a-timeline\/\"><strong>ANC\u2019s employment rhetoric \u2013 a timeline<\/strong><\/a><\/p>\n<p><a title=\"Government to blame for weak rand: DA\" href=\"http:\/\/businesstech.co.za\/news\/government\/52473\/government-to-blame-for-weak-rand-da\/\"><strong>Government to blame for weak rand: DA<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DA is targeting job creation in Gauteng which would include the funding of start-ups and small businesses as part of its wider election manifesto.<\/p>\n","protected":false},"author":10,"featured_media":50592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[1329,26,83,5159,6231],"class_list":["post-52985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-da","tag-headline","tag-jacob-zuma","tag-mmusi-maimane","tag-thabo-mbeki"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=52985"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52985\/revisions"}],"predecessor-version":[{"id":52988,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/52985\/revisions\/52988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/50592"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=52985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=52985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=52985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}