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
GCIS embraces small businesses
Government Communication and Information System (GCIS) Acting Director-General, Phumla Williams, says the organisation supports up and coming businesses, especially community media. “… our printing, security, and our local procurement in the provinces … it’s a passion we have (and) we want to make sure that the up and coming... Read more
Eastern Cape Department of Economic Development, Environmental Affairs and Tourism LRED Funding Window closes on 30 June 2018
The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism say that it is hoping to attract more bankable projects for its Local and Regional Economic Development Fund. The multi-million fund, which closes in just under two weeks on 30 June 2018, funds projects in key priority sectors,... Read more
Government strives for small business sustainability
Government is interested in developing bankable enterprises that can grow beyond its support and become commercially viable and sustainable. “We are a government that is focused on supporting entrepreneurs in order to enable them to learn and grow into the full spectrum of business activities within each economic sector’s... Read more
SA designers unite in unprecedented designathon
offering R 2 million Rands worth of creative for small businesses In a lightbulb moment, Lesley Waterkeyn – Founder and CEO of Colourworks – knew just how her company, along with partner Designers Ink, could contribute towards Entrepreneurial growth and sustained development in a creative and meaningful way. What... Read more