Need to grow busi­ness

The Rep - - NEWS - By Sonja Raasch

THE num­ber of so­cial grant ben­e­fi­cia­ries in South Africa had grown from about two mil­lion in 1998 to more than 18-mil­lion, while many peo­ple who should be pay­ing tax were not reg­is­tered, Bor­der-Kei Cham­ber of Busi­ness ex­ec­u­tive di­rec­tor Les Hol­brook said dur­ing the busi­ness break­fast at the Tam­boekie Fes­ti­val on Fri­day.

Hol­brook said chal­lenges fac­ing South Africa were a lack of nec­es­sary eco­nomic growth, a de­clin­ing rand against other cur­ren­cies, the re­al­ity that 6-mil­lion short term jobs were in jeop­ardy and the financial sit­u­a­tion within the Euro zone.

The doors were cur­rently open for an in­crease in the per­sonal tax base and VAT, he said.

Speak­ing on growth op­por­tu­ni­ties, he said re­new­able en­ergy of­fered a field of op­por­tu­nity to en­trepreneurs and in­vestors.

IT com­pany Hewlett Packard in Cape Town was run­ning its of­fice com­plex off the ma­nure of 100 cows, he said, adding that Rance Tim­bers in Stut­ter­heim used wood chips to gen­er­ate en­ergy.

He urged Lukhanji to pur­sue a twin­ning agree­ment with a for­eign coun­ter­part, us­ing the Lower Sax­ony, Ger­many, agree­ment with the Buf­falo City Mu­nic­i­pal­ity as an ex­am­ple which could bring about financial ben­e­fits for the lo­cal area.

He said the mu­nic­i­pal­ity should also look into ways to “turn waste into cash” with com­pa­nies over­seas mak­ing a good busi­ness of do­ing ex­actly that.

The cham­ber’s fo­cal ar­eas in­cluded the de­vel­op­ment of the aero­drome in Queen­stown, farm­ing, the re­vival of the Ez­i­be­leni in­dus­trial area, land de­vel­op­ment and the es­tab­lish­ment of wa­ter se­cu­rity.

He said the aero­drome could hold great ben­e­fits in terms of in­vest­ment, es­pe­cially when seen in con­junc­tion with the new Safair routes to East Lon­don, which of­fered re­duced rates on var­i­ous routes.

HERE TO HAVE FUN: At the Tam­boekie fes­ti­val last Fri­day was Siphokazi Ma­vangwe with her son Imanathi EN­JOY­ING THE

RIDE: Esona Mtswera from Zote Ju­nior Sec­ondary School was hav­ing a great time on the rides at the Tam

boekie Fes­ti­val

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