PSET skills initiatives aligning with government plans
Government has reiterated its commitment to strengthening the Post School Education and Training (PSET) sector, as a means of providing a seamless transition into economic activities. During a visit to Imbali Education and Innovation Precinct (IEIP) in KwaZulu-Natal, Higher Education, Science and Innovation Minister, Dr Blade Nzimande, said the... Read more
Survey highlights SA’s most in-demand scarce skills
Xpatweb’s Critical Skills Survey 2020/21 highlights the most in demand scarce skills the country is facing, which has led to businesses seeking to recruit talent from across the globe. Xpatweb’s annual survey has fast become known as a benchmark for business and policy makers. Input from the 2019 research... Read more
Jobs Fund & partners commit R271m
The Jobs Fund says that unemployment is set a new record beyond the second-quarter estimates of 10,8 million. Social and economic pain will be an inevitable outcome of the coronavirus outbreak but the scale and depth remain unknown. Unfortunately, youth unemployment (41.8%), will be one of the greater challenges... Read more
Women entrepreneurs encouraged to pitch VW
As part of its partnership with Lionesses of Africa, the one million+ strong all-female business network in Africa, Volkswagen has introduced ‘The Lionesses Den’ and is calling on female-owned businesses in South Africa to share a two-minute pitch. The top three pitches will win capital to invest in their... Read more
Informal economy faces biggest Covid shock
The government’s stimulus packages and measures to limit business failures and job losses focus primarily on the formal sector, ignoring the informal economy of businesses most susceptible to shock, operating in the most vulnerable communities. Brett Hamilton, visiting lecturer in Corporate Finance at the University of Stellenbosch Business School... Read more
Isiqalo, LRED workshops hailed vital, eye-opening
The young and small entrepreneurs from the four major and largely rural regions of the Eastern Cape hailed the Eastern Cape Isiqalo Youth (EC Isiqalo Youth Fund) and Local and Regional Economic Development Funds workshops as vital and eye-opening engagements. They called on the Eastern Cape Department of Economic... Read more
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
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