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ICT SMME Chamber advocates for synergy between key partners

by Moipone Malefane
September 12, 2024
in Business
Reading Time: 3 mins read
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By: Noko Mashilo

The ICT SMME Chamber has stressed the importance of synergy between SMMEs, the government, and the private sector, saying this is why it uses the Triple Helix model as a framework for understanding and promoting interaction between the key sectors in innovation and economic development. For the ICT SMME Chamber, this model highlights the crucial role of collaboration and partnership among government, large corporations, and SMMEs in fostering an environment conducive to innovation, as well as one that drives economic and technological progress.

Loyiso Tyira, managing director of the ICT SMME Chamber, emphasised that the Triple Helix model of innovation was globally recognised. “To foster innovation within a country, three key players must work together in a coordinated manner. In our case, it’s civil society representing SMMEs, large companies, and government. These entities need to collaborate effectively to build a sustainable SMME ecosystem that aligns with the government’s strategic priorities of inclusive growth and job creation,” Tyira explained.

Over the years, Tyira and his team have observed several challenges. “A significant amount of money has been spent on SMME development initiatives, including supplier development and the 30% set-aside policy. However, these efforts were not properly coordinated by the government. The private sector also invests heavily in enterprise development, but this investment has not yet led to impactful changes in the status quo,” Tyira noted.

On the synergy between SMMEs, government, and the private sector, he said small business needed to work hand in hand to advance their development. “If one party focuses on training, another should work on capacity building and market access, ensuring a sustainable SMME ecosystem,” said Tyira. Currently, the ICT SMME Chamber has partnered with SEACOM. “They were the first to believe in our vision and support our model. We hope others will follow and collaborate with SMME bodies,” said Tyira.

Tyira expressed optimism about the benefits SMMEs would gain from the partnership with the ICT company. “They will receive essential training, credit lines, references, credibility, market access, partnerships, and networking opportunities. By this time next year, I hope to report that we have enrolled SMMEs in this programme and can show a significant increase in their revenue,” Tyira said optimistically.

Luvo Grey of EC Internet in East London shared his perspective as a growing enterprise. “It’s challenging to engage or secure contracts with companies like SEACOM. However, through this partnership, there’s potential for us to secure contracts for maintaining or building their infrastructure. We’ll also be able to purchase broadband to resell their services on our networks. This partnership is a major step that will open opportunities for SMMEs across South Africa,” Grey said.

Tags: ICT SMME ChamberLoyiso TyiraTriple Helix model
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