eThekwini Municipality > City Government > Council > City Mayor > Blog > Posts > Plan to drive economic transformation
February 09
Plan to drive economic transformation

​AS the sphere of government closest to the people, eThekwini Municipality is committed to the empowerment of Small, Medium and Micro Enterprises (SMME) to accelerate their growth. Access to high-quality, innovative business support can dramatically improve the success rate of new business ventures.

Our Municipality works with different stakeholders to promote the growth of businesses which will result in a growing economy. Our government is serious about radical economic transformation especially in the SMME sector. That is the focus in all spheres of government especially at local government level which is the first line of contact with citizens. Local government is about changing the lives of ordinary people, as the sphere that is closest to them. Our City is guided by the objectives set out by provincial and national government to ensure that the collective vision of creating a vibrant and prosperous small business sector is realised.

Accelerating economic transformation among youth and women is our top priority. Therefore, the City is moving ahead with the implementation of a radical economic transformation policy framework that will give opportunities to youth, women, disabled, military veterans and rural communities. On 31 January, Council approved the Framework Policy on Economic Empowerment and Transformation and this will ensure that there is radical economic transformation in our City.

This policy will ensure that people who have been previously disadvantaged are given job opportunities in the City. Our mandate is to bring about real change in our communities, by improving the quality of life of all people through radical economic transformation. Since we were elected in August, we have prioritised job creation, youth empowerment, small business support and community empowerment and we will continue to drive economic development for the next five years.

The level of poverty, rate of service delivery, disruption of projects in communities and the slow pace of economic transformation has always been a major concern for us. We want to advance the empowerment of our people, particularly youth, women and the disabled by ensuring that they are brought into the mainstream economy.

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