The Chron­i­cle

Chronicle (Zimbabwe) - - National News -

BU­L­AWAYO, Mon­day, Septem­ber 2, 1991 — The Min­is­ter of Labour, Man­power Plan­ning and So­cial Wel­fare, Cde John Nkomo, yes­ter­day ad­vised in­come-gen­er­at­ing or­gan­i­sa­tions to seek as­sis­tance from com­mer­cial fi­nan­cial in­sti­tu­tions to suc­ceed.

In a speech read on his be­half to mem­bers of the Mapha­neni Burial So­ci­ety in Maphisa by the Mem­ber of Par­lia­ment for Lu­veve, Cde An­gelina Ma­suku, Cde Nkomo said the fi­nan­cial in­sti­tu­tions in the coun­try had es­tab­lished small busi­ness units to sup­port emer­gent busi­ness peo­ple with their var­i­ous ser­vices.

The Mapha­neni Burial So­ci­ety is plan­ning to set up a fur­ni­ture man­u­fac­tur­ing work­shop in the area which will, among other things, make coffins and house­hold fur­ni­ture.

Cde Nkomo said all peo­ple wish­ing to un­der­take any busi­ness ven­ture should bear in mind that their suc­cess would de­pend on var­i­ous tech­ni­cal and pro­fes­sional fac­tors.

He urged the would-be en­trepreneurs to seek pro­fes­sional ad­vice when pre­par­ing their projects in or­der for them to be rec­om­mended to a com­mer­cial bank for fund­ing. “The spon­sor­ship of a project by any bank de­pends on the project’s po­ten­tial vi­a­bil­ity,” said Cde Nkomo.

He stressed that a good project write-up alone did not lead to a suc­cess of any busi­ness or­gan­i­sa­tion, said Cde Nkomo.

He urged the so­ci­ety to look for and op­er­ate big­ger projects which are more chal­leng­ing and which cre­ate em­ploy­ment.

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