I presume you are a solo musician doing gigs in clubs etc.
The kit you have is relatively basic and I'll break it down as follows:
Mixer/Amp
Everything should be fine there as long as everything still works. 16 years is a long time. 8)
Don't know if you have had it serviced regularly. :-\
Usually the pots and sliders are the items that take the most punishment from knocks, dirt etc.
Loudspeakers
These are pretty basic and seem to contain what is called a "Piezo" Tweeter on a small plastic horn.
IMO I'd say that the loudspeakers are your weakest link at the moment as they will lack any decent midrange or vocal projection. ☹
Depending on budget, one can look at a whole system upgrade to new Kit or just start with the loudspeakers.
Loudspeaker Upgrade:
There are many good products on the market at the moment.
I would probable put my money on a pair of JBL JRX-112M loudspeakers in terms of performance versus cost.
http://www.jblpro.com/catalog/general/Product.aspx?PId=85&MId=3
These will also match nicely with your powered mixer.
They also are in a wedge format so you can use them as stage foldback loudspeakers in a larger gig as well if you have rented a larger PA.
Another option is to go the powered loudspeaker route (more expensive).
JBL have released their new EON range. The JBL EON 315 might be a good option, but is more expensive than the JRX.
http://www.jblpro.com/catalog/General/Product.aspx?PId=268&MId=3
There are also loudspeakers from HK Audio (Self Powered), Yamaha (Self Powered) that would also be suitable.
Hope this helps.. ?