Volkswagen Group South Africa has entered into a partnership with private sector small business incubator company, Raizcorp, to boost the development of small businesses in Nelson Mandela Bay. Volkswagen’s investment in this project is a strategic one – which it hopes will build on its objective of becoming... Read more
ECDC to host entrepreneurial workshops in Sterkspruit, Aliwal North
The Eastern Cape Development Corporation (ECDC) is to host workshops in a bid to inform aspiring and new business owners about opportunities and support structures at the disposal of entrepreneurs. “The aim of the seminars is to broaden the base of entrepreneurship by focusing on youth,” says ECDC regional... Read more
  Businesses can expect transparent tender processes and faster turnaround times with the new rules issued by National Treasury on Tuesday. Business chambers welcomed National Treasury’s instruction note aimed at combating tender fraud and reducing turnaround times for settling payments to business in 30 days. Previously the process of... Read more
Masixole Zwedala, a qualified artisan, took a risk many dare not take and resigned from his job as a team leader at Mercedes-Benz South Africa to start Dausons Engineering. Awakening the entrepreneurial potential in him, Masixole took a package and registered the company in September 2009. In 2009 Masixole... Read more
Eastern Cape women finalists feature strongly in entrepreneur competition
Eastern Cape business women are holding their own in male dominated sectors such as construction, information and communications technology and the green industries, says SMME Business LaunchPad Competition on the announcement of the province’s finalists. Nationally, women are proving to be enterprising people making up 70 percent of informal... Read more
ECDC support for SMMEs soars 23-11-2010 -An additional 107 small medium and micro enterprises (SMMEs) received direct financial support from provincial development financier, the Eastern Cape Development Corporation (ECDC), from 800 last year to 907 in 2009/2010. This represents a 12% increase in direct financial support to SMMEs. This... Read more
Summit coincides with global entrepreneurship week which will be celebrated in 88 countries.   23-11-2010 – More than 300 small business owners are set to benefit from the expertise of SMME development practitioners, academics and when the fourth annual SMME Summit kicks off at the East London International Convention Centre... Read more
Development financier improves its loan portfolio to the province’s youth. 23-11-2010 – Although provincial budget cuts resulted in Eastern Cape Development Corporation (ECDC) securing R226 million, which was less than the required funding for 2009/10, the corporation achieved a 49 percent increase in loans disbursed to youth in the previous... Read more