Small business ministry, cabinet welcomed

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The creation of a small business ministry as well as the ministerial
appointments made by President Jacob Zuma has been welcomed by
business.


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The creation of a small business ministry as well as the ministerial
appointments made by President Jacob Zuma has been welcomed by business.

In a statement on Monday, the South African Chamber of Commerce and
Industry (Sacci) welcomed President Zuma?s new cabinet which was announced
on Sunday evening.
The announcement of the new ministers also saw the formation of new
ministries including a new Ministry of Small Business Development, which is set
to grow the economy. This will be led by former International Affairs advisor
Lindiwe Zulu.
"Sacci welcomes the new ministerial appointments and the creation of a
Small Business Ministry. The cabinet shows a commitment to the priorities in the
President's inauguration speech - that being accelerated infrastructure
investment; radical economic transformation and jobs growth,' said Sacci Chief
Executive Officer Neren Rau.
The move of former Finance Minister Pravin Gordhan to the portfolio of
Cooperative Governance and Traditional Affairs is seen as an opportunity to
make a meaningful difference in the local government sphere, especially in
addressing service delivery and local economic development.

Another move announced by the President is that of former Finance Deputy
Minister Nhlanhla Nene replacing Gordhan as the Minister of Finance.
"The National Treasury is also in the hands of a skilled and experienced
leader in Minister Nene. SACCI anticipates a strong partnership with the Ministry
as was experienced under Minister Gordhan,' said Rau.

Sacci was looking forward to building on its existing relationships with
government in the approaching term.
The newly appointed Cabinet will be sworn into office later today. -
SAnews.gov.za
What do you think?
Will this government initiative have any success? Isn't this just a waste of
government money?

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