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.