STELLENBOSCH UNIVERSITY TRAINS 14 SEDCO EMPLOYEES

STELLENBOSCH UNIVERSITY TRAINS 14 SEDCO EMPLOYEES

Fourteen employees of the Small Enterprises Development Company (SEDCO) were recently upskilled by the renowned University of Stellenbosch (USB) through a workshop that will enable them to better impact the MSME sector. MSME stands for Micro Small and Medium Enterprises. The week-long business training programme, which also benefited the Ministry of Commerce, Trade and Industry, was supported financially by the European Union (EU). Throughout the week, SEDCO officers were skilled in topics such as diagnostic tools for small enterprises, preparing a winning business plan (business plan development), and the psychology of a business coach amongst others. SEDCO Chief Executive Officer Dorrington Matiwane said he believed the workshop had sharpened his officers, and they were ready to deliver trailblazing solutions to the company’s clients. “We are very grateful for the assistance we got from the European Union and Stellenbosch University; and we hope that the trainees will effectively apply the knowledge they acquired here to impact the development of the MSME sector,” said Matiwane. Stellenbosch University’s Dr Oduwole, who was one of the facilitators, said training presented a prime opportunity to expand the knowledge base of all employees, but many employers in the current climate find development opportunities expensive. “Employees attending training sessions also miss out on work time, which may delay the completion of projects. However, despite these potential drawbacks, training and development provides both the individual and organisations, as a whole, with benefits that make the cost and time a worthwhile investment,” said Dr Oduwole. He said the return on investment from the week-long training and development of the employees was really a no brainer as it would enhance
SEDCO’s reputation, profile and increase efficiency. Meanwhile, the Principal Secretary in the ministry of Commerce, Trade and Industry said if the participation of SMEs in the economy was to make the expected impact, SEDCO had to deliver relevant and suitable interventions. He said this could be realised through continuous skills development for the company’s staff members. He further said his ministry was also most appreciative to the University of Stellenbosch through its business school’s African Centre for Development Finance for making sure that SEDCO got cutting-edge training from a business school of outstanding international repute. Nkambule assured
SEDCO of his ministry’s support. He said to demonstrate this, the ministry had been participating in all of SEDCO’s endeavours, among these the Entrepreneur of the Year Awards. He said they were considering how SEDCO could be improved to evolve into a Development Finance Institution, while being a one stop shop.

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