Esau slams unfair competition by established businesses

RUNDU – Trade and Industry Deputy Minister Berhardt Esau this week warned that unfair competition from bigger businesses which flood the local market with cheap goods at the expense of small and medium enterprises should not be allowed to continue.

He made the warning at the official opening of the Divundu Open Market in a speech which was read on his behalf by Mukwe Regional Councillor John Thighuru. Esau said the situation has to be addressed seriously if Namibia is to succeed in its objectives of industrialisation and in allowing small and medium enterprise sector to play a prominent role in the country’s economy.He, thus, urged big businesses to help SMEs rather than destroy them.Esau said the Namibian Parliament has passed the Competition Act, which regulates business activities and unfair competition across the country.The deputy minister then encouraged beneficiaries to utilise the premises of the open market that will assist to contribute to the well being of their families, the entire community and the country as a whole.He called upon Namibians mainly those involved in the SME sector to continue to work hard in order to build a better Namibia.Approached for comment, some beneficiaries at Divundu Open Market applauded government’s efforts to bring development to the rural population and urged for more community projects to be established in remote areas in future.-Nampa-Esau said the situation has to be addressed seriously if Namibia is to succeed in its objectives of industrialisation and in allowing small and medium enterprise sector to play a prominent role in the country’s economy.He, thus, urged big businesses to help SMEs rather than destroy them.Esau said the Namibian Parliament has passed the Competition Act, which regulates business activities and unfair competition across the country.The deputy minister then encouraged beneficiaries to utilise the premises of the open market that will assist to contribute to the well being of their families, the entire community and the country as a whole.He called upon Namibians mainly those involved in the SME sector to continue to work hard in order to build a better Namibia.Approached for comment, some beneficiaries at Divundu Open Market applauded government’s efforts to bring development to the rural population and urged for more community projects to be established in remote areas in future.-Nampa-