Government fine-tuning R2.1bn SME, innovation fund
Small Business Development Minister Lindiwe Zulu says the department is finalising the modalities of how the recently announced R2.1 billion small business and innovation fund will be implemented. Zulu said this when she led a debate on the department’s Budget Vote in the National Assembly on Thursday. She said... Read more
SMMEs get training to be Internet Service Providers
One of the interventions prioritized for implementation in the 2018/19 financial year is the establishment of 30 Small, Medium and Micro-sized Enterprises (SMMEs) as Internet Service Providers and resellers of domain names. “This programme would target existing SMMEs and potential entrepreneurs; and the recruitment process will be publicized through... Read more
SA wins three entrepreneurship awards
South Africa has won three prestigious awards at the 10th Global Entrepreneurship Congress (GEC), which was held in Istanbul, Turkey. “The Global Entrepreneurship Congress gathers together thousands of entrepreneurs, investors, researchers, policymakers and other start up champions from more than 170 countries to identify new ways of helping founders start... Read more
More than 300 SMMEs graduate from SANRAL training programme
More than 300 SMMEs received certificates for the completion of a training programme, which formed part of the R75 Port Elizabeth to Despatch interchange road rehabilitation project, the South African National Roads Agency SOC Ltd (SANRAL) announced today. The 384 SMMEs (women, youth and male-owned) whose CIDB levels are... Read more
R57m for KZN small business sector
Co-operatives and small business enterprises in KwaZulu-Natal will receive R57 million from the provincial Department of Economic Development, Tourism and Environmental Affairs (EDTEA). Economic Development MEC Sihle Zikalala said his department had set aside the monies for the implementation of the Radical Agrarian Socio-Economic Transformation (RASET) programme, which sought... Read more
Dept to bring internet services closer to people
The Department of Telecommunications and Postal Services plans to facilitate the establishment of 96 Internet Service Providers over a period of three years. Addressing Parliament on Tuesday, Deputy Minister for Telecommunications and Postal Services, Stella Ndabeni-Abrahams, said the initiative will prioritise the youth and women as well as increase... Read more
Government committed to support SMMEs
Government remains committed to providing support to the country’s small and medium enterprises (SMMEs) as they are an important component to South Africa’s industrialisation, says Trade and Industry Minister Rob Davies. “We cannot achieve the goals and objectives of our Industrial Policy Action Plan (IPAP) and radical economic transformation... Read more
Coega launches a successful Supplier Development Day
The Coega Development Corporation (CDC) this past week launched its inaugural Supplier Development Day at the Vulindlela Accommodation & Conference Centre (VACC). The event, which is a first by a Special Economic Zone (SEZ), saw captains of industry together with emerging businesses under one roof discussing various topics prevalent... Read more
Dti puts the work in workplace with epic enterprise challenge
Trade and Industry Minister, Dr Rob Davies, is expected to launch the 20th anniversary of the Workplace Challenge (WPC) next week. The WPC is a two-year programme implemented amongst South African enterprises to improve their productivity and ensure sustainability of jobs. Accompanied by the Chief Executive Officer (CEO) of... Read more
Call for entrepreneurs to be innovative
Young people must be actively involved in establishing new mechanisms of conducting viable businesses that are in sync with the inventions of the 21st century, says Minister in the Presidency for Planning, Monitoring and Evaluation, Jeff Radebe. “As the government, we have adopted clearly defined policies and procedures to... Read more