NYDA launches district centre in Alfred Nzo
The National Youth Development Agency (NYDA) has successfully launched another district Centre at Alfred Nzo District Municipality in the Eastern Cape Province. The NYDA Alfred Nzo District Centre follows a successful launch of the NYDA OR Tambo Full Service Branch. This launch marks another milestone in the vision to... Read more
New initiative to support grassroots innovators
About 100 grassroots local innovators will have a chance to develop and commercialise their ideas and products. This will be made possible by the Department of Science and Technology’s Grassroots Innovation Programme (GIP), which will be unveiled on Thursday. To be implemented by the Technology Innovation Agency (TIA), the... Read more
Review for LRED applicants have 30 days to appeal
The Department of Economic Development, Environmental Affairs and Tourism has notified stakeholders that its independent review team, appointed to review unsuccessful applications for Local and Regional Economic Development (LRED) Fund for the 2018/19 financial year, have begun its work. The outcome of these requests will be communicated to the... Read more
Department  seeks means to boost SMMEs in SEZs
The Department of Small Business Development has commissioned a research study into opportunities and best practices for small, medium and micro enterprises (SMMEs) within the Special Economic Zones Programme. The study will be concluded and approved in June. It will look at international best practice of SMMEs within SEZs... Read more
Why are SMMEs battling to secure funding
While the failure rate of small businesses in the country is high, they remain the backbone of the economy, providing the majority of the job opportunities and contributing significantly to GDP. With the recent announcement of government job cuts over the next three years and with only 22% of... Read more
Coega a catalyst for emerging businesses
Two local SMMEs from Port Elizabeth, are currently benefiting from the construction of the state of the art facility for HELLA, a new investor at Coega Development Corporation. Sikuphiwe Trading, owned by Ncebekazi Mhlaba, is responsible for the brick works and plastering. Whereas, Dicky’s Electrical, owned by Sadick Hendricks,... Read more
Small Business Development department develops red tape strategy for SMMEs
A national strategy is being developed to address the negative impact of red tape on small businesses and cooperatives, Small Business Development Minister Lindiwe Zulu announced on Thursday. “We are in the process of developing a National Red Tape Reduction Strategy, which will provide clarity on the logic, model... Read more
BRICS Ministers undertake to support SMMEs
BRICS Communications and ICT Ministers have agreed to help promote the cooperation of Small, Micro, Medium Enterprises (SMMEs) from BRICS member countries. “Key to unleashing their potential is for governments to support and invest in the innovation and development of ICT SMMEs and the broader ICT industry,” said a... Read more
Getting small business on board for digital revolution
The Deputy Minister of Telecommunications and Postal Services, Stella Ndabeni-Abrahams, has emphasised the importance for big industry players to contribute towards the development of small businesses as the digital revolution requires everybody to get involved. According to the Deputy Minister, Cabinet has approved her department’s Small, Medium and Micro-sized... Read more
Small businesses win big
Three companies have won prizes ranging from R30 000 to R100 000 as part of the small business support programme for the Free State Department for Economic, Small Business Development, Tourism and Environmental Affairs. “These prizes cover productive equipment, marketing support, training and other non-financial support,” the provincial department said.... Read more