Hope for small business

Anna Phosa's workers

Port Elizabeth small business owners were given a boost on Wednesday following a gathering where up and coming local entrepreneurs got the opportunity to grow their firms.

The Hope Factory, a hub for entrepreneurs in the city, hosted two events at North End in a bid to strengthen entrepreneurs’ capacity in growing and sustaining their enterprises.

Sipho Ntlangu, one of The Hope Hub entrepreneurs, said the programme had made a positive impact in terms of business growth.

The Hope Factory launched The Hope Hub a year ago with the purpose of helping small business owners to showcase their products.

“It also provided me with more exposure for business, as many people are now aware of the whereabouts of my business. There is a great potential to increase sales and to make profits,” said Ntlangu.

According to the Global Entrepreneurship Monitor study, there are few South Africans who try their hand at entrepreneurship and only 2.6% survive through the three-and-a-half year mark.

“Some of the reasons for this failure rate include a lack of skills, limited access to markets, no seed capital, a lack of work experience and a lack of confidence.

via Hope for small business | The New Age Online.

Eastern Cape – Ciskei

Stadium Nelson Mandela Bay, in Port Elizabeth,...

The Eastern Cape as a South African Province came into being in 1994 and incorporated areas from the former Xhosa homelands of the Transkei and Ciskei, together with what was previously part of the Cape Province.

Agriculture

There is much fertile land in the Eastern Cape, and agriculture is important. The fertile Langkloof Valley in the southwest has enormous deciduous fruit orchards, while sheep farming predominates in the Karoo. The Alexandria-Grahamstown area produces pineapples, chicory and dairy products, while coffee and tea are cultivated at Magwa. People in the former Transkei region are dependent on cattle, maize and sorghum-farming. An olive nursery has been developed in collaboration with the University of Fort Hare to form a nucleus of olive production in the Eastern Cape.

The basis of the province’s fishing industry is squid, some recreational and commercial fishing for line fish, the collection of marine resources, and access to line-catches of hake.


Industry

The two major industrial centres, Port Elizabeth and East London have well-developed economies based on the automotive industry. General Motors and Volkswagen both have major assembly lines in the Port Elizabeth area, while East London is dominated by the large DaimlerChrysler plant. The largest construction project in Africa is currently underway at Coega, about 20 km north of Port Elizabeth, where a new harbour is being built. It is expected that this development will give the province a major economic boost.

With two harbours and three airports offering direct flights to the main centres, and an excellent road and rail infrastructure, the province has been earmarked as a key area for growth and economic development. Environmentally friendly projects include the Fish River Spatial Development Initiative, the Wild Coast SDI, and two industrial development zones, the West Bank in East London and, near Port Elizabeth, Coega – the largest infrastructure development in post-apartheid South Africa. Plans for the development of the area as an export-orientated zone include the construction of the deepwater Port of Ngqura.

Other important sectors include finance, real estate, business services, wholesale and retail trade, and hotels and restaurants.

via Eastern Cape – Wikipedia, the free encyclopedia