Entrepreneurs encouraged to focus on energy supply

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Small Business Development Minister Stella Ndabeni-Abrahams said young entrepreneurs should explore opportunities in energy, to help South Africa provide enough electricity to power the economy. Photo: SUPPLIED

Speaking at the official launch of the Township ICT and Digital Technology Incubator in Gqeberha’s Neave Industrial Estate, Small Business Development Minister Stella Ndabeni-Abrahams said young entrepreneurs should explore opportunities in to help South Africa provide enough electricity to power the economy.

According to Ndabeni-Abrahams, the country needed a stable power supply.

“The challenge for SMEs is to offer innovative solutions. Every crisis brings an opportunity,” she said.

Ndabeni-Abrahams said energy should be seen as part of the business ecosystem, which includes water and logistics.

“There are opportunities throughout the ecosystem,” she said.

Propella Business Incubator is a partnership between Nelson Mandela University (49%) and Engeli Enterprise Development.

The township center is a partnership between the Department of Small Business Development (DSBD), the Small Business Development Agency (Seda) and Propella Business Incubator (PBI).

The partnership aimed to bridge the gap between the township and technology for local, rural and township entrepreneurs.

Ndabeni-Abrahams said that through on-site or virtual ICT support services and a development platform, the incubator offers young entrepreneurs, with viable digital or technology concepts, the opportunity to turn their ideas into viable businesses.

Nelson Mandela Bay Executive Mayor Eugene Johnson described the incubator as a good example of the success that could be achieved through cooperative partnerships including the city, SEDA, universities and businesses.

“For us, it is important that the formal and informal economy is revived in Nelson Mandela Bay,” she said. “The city is keen to support any incubator program that helps young people realize their potential.”

Speaking after a tour of the facility and a meeting with the contractors, SEDA President Dr Joy Ndlovu said it was very encouraging to see young people wanting to be part of the solution, rather than complaining about what was wrong.

“Young people do things for the good of the community.

“They find solutions to the problems that we face as a society,” she said.

“The choice of location for the incubator is strategic because it creates a link between the canton and the industrial areas of the municipality. The two economies need to merge,” said the head of the township incubator, Nafeesa Dinie.

– ISSUED BY SIYATHETHA COMMUNICATIONS
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