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Ministry of Investment, Trade and Industry (MITI)
Seretse visits LEA and CEDA
05/07/11
Seretse visits LEA and CEDA

On Thursday June 30, 2011 the Assistant Minister of Trade and Industry Honourable Vincent T. Seretse made familiarization visits to Local Enterprise Authority (LEA) and Citizen Entrepreneurial Development Agency (CEDA).
During the visits, Honourable Seretse was briefed about the mandate, processes, challenges and opportunities of the two Parastatals.
At LEA, Honourable Seretse was informed that the organization was experiencing a high staff turnover. In his overview, LEA’s Chief Executive Officer Dr Tebogo Matome indicated that the staff turnover is attributed to low salary packages. 
“Our staff turnover is a result of uncompetitive salaries which are lower than those offered by other Parastatals and we normally lose trainers, finance and accounts personnel. In addition to high staff turnover we have insufficient recurrent budget and exogenous factors such as working space, low quality of entrepreneurs and shortage of mentors are adversely affecting our service delivery. ”
In regard to Entrepreneur training, Dr Matome said that since LEA’s establishment they have managed to train 5238 entrepreneurs. Dr Matome further stated that a lot of entrepreneurs were trained on Business Planning and Entrepreneurship Development.
Honourable Seretse was also informed that LEA is currently focusing on sectors such as Horticulture, Piggery, Dairy and Leather.
At CEDA, Honourable Seretse was informed that the organization is still grappling with collection of arrears.  CEDA’s Chief Executive Officer Mr Thabo Thamane revealed that CEDA is owed P219 Million and they were developed a strategy to collect the monies owed. 
“Our strategy in collection of arrears is focusing on building relationships with clients and it is yielding results.”
In regard to developments at CEDA, Mr Thamane said that the agency took a decision to consolidate all funds under management. “This decision will place the agency as a citizen economic empowerment arm of government. In addition we will achieve the implementation of the ‘one-stop shop’ model.”
Mr Thamane cited underdeveloped infrastructure, low repayments, reluctance of mentors, unavailability of markets for financed projects and excessive appeals as major challenges faced by CEDA.

 

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