When Was The Department Of Small Business Development Established

When Was The Department Of Small Business Development Established

When Was The Department Of Small Business Development Established

The Department Of Small Business Development was Established in 2014 after the National development plan identified small and medium scale businesses as very critical to national development and poverty reduction.
The process of the establishment of the department of small business development was made known by president Zuma during the 2014 state of the nation address.

President Jacob Zuma, in the 2014 State of the Nation Address, said there was a strong feeling within government that small and medium enterprises were very important in the building of the economy, with the National Development Plan identifying small businesses as the key to reducing poverty, income inequality and unemployment

This is how the process of establishing the Department Of Small Business Development started.
 
The mission of the Department of Small Business Development is to focus on enhanced support to small business and cooperatives, with an emphasis on programmes to advance entrepreneurship amongst women, the youth, and people with disabilities to contribute to job creation and economic growth.
The Department’s objectives are to: facilitate the development and growth of small businesses and cooperatives to contribute to inclusive and shared economic growth and job creation through public and private sector procurement; facilitate partnerships with all spheres of government as well as the private sector to ensure mutual cooperation that will benefit small businesses and cooperatives; advocate for a conducive regulatory environment for small businesses and cooperatives to enable access to finance, investment, trade equitable and market access in an and sustainable manner; and facilitate radical economic transformation through increased participation of small businesses and cooperatives in the mainstream economy.
 

Department Of Small Business Development Contact Details

 

Physical: The dti, 77 Meintjies Street, Sunnyside, Pretoria
Postal: Private Bag X672, Pretoria, 0001

Tel: 0861 843 384 / 012 394 5535/1813
Fax: 012 394 0339
Web: www.dsbd.gov.za