SED summit

Ratlou Mabula
LEPHALALE — Lephalale Local Municipality hosted the first Radical Socio-Economic Development Summit at Mogol Club on Tuesday 20 June.
Businesses from all sectors in Lephalale and the surrounding have come in numbers where big companies like Eskom, Exxaro, Enel Green Solar Power and Boikarabelo Coal Mine were present.
The above mentioned together with organisations like Shanduka Black Umbrellas, NDA and NYDA as well as financial sectors like ABSA and Nedbank partook in the summit.
During the delivering keynote address Lephalale Local Municipality Mayor Moloko Jack Maeko said there is a need to develop young entrepreneurs. “We must develop youth initiatives from consumers to producers, where relevant organisations assist them to become entrepreneurs. Such programmes need ethical leaders, who won’t put the municipality and the country on sale” he said.
In addition he said there was a need for leaders who have interest of the people at heart to push forward radical, socio economic transformation.
In his closing remarks Maeko said his municipality’s recent council resolution is that there must be 60% local supply and procurement at big companies in Lephalale as well as 30% Joint Venture for SMMEs.
Towards the end of the programme SMMEs were tasked to discuss three resolutions that were looked at:
* Support towards black owned small businesses in government and private sector,
* Revitalizing Lephalale’s manufacturing and agricultural sector, and
* Buying local, as well as the impact of local content on the government identity and private sector.
Organisations like NAFCOC, Eskom, Lephalale Municipality, Enel Green Solar Power, Boikarabelo Coal Mine & Exxaro committed in the declaration by signing to transform local SMMEs.

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