Creating an enabling environment for SMMEs, entrepreneurs
Trade and Industry Deputy Minister Bulelani Magwanishe says government is on hand to create an enabling environment for entrepreneurs and Small, Medium Micro Enterprises (SMMEs) to thrive. Speaking at the two-day Vhembe SMME Summit in Thohoyandou, Limpopo, Magwanishe said small businesses were a priority as they generate jobs. “The... Read more
Plan to address Eskom challenges afoot
A Nine Point Plan is set to go a long way in turning the fortunes of Eskom around at a time when the utility is facing major challenges, its Group Chief Executive Officer Phakamani Hadebe said on Friday. “Eskom has undergone trying times, during the past couple of years... Read more
Parliament approves Division of Revenue Amendment Bill
The National Assembly on Tuesday approved the Division of Revenue Amendment Bill, which will adjust the equitable share among the three spheres of government. The bill, which Finance Minister Tito Mboweni tabled when he presented his maiden Medium Term Budget Policy Statement (MTBPS) last month, also changes the specific... Read more
Telkom sees increase in subscribers
Telecommunications and Postal Services Minister Dr Siyabonga Cwele has welcomed half-year financial results from Telkom, which reflect an increase in revenue and mobile user numbers. Telkom’s interim financial results are for the six-month period, which ended on 30 September 2018. Telkom’s mobile broadband subscribers were up 66.8% to 4 751 688.... Read more
SA investment climate is improving
Foreign investment, if targeted and nurtured, can drive economic growth and in turn contribute to much-needed job creation and economic inclusion for all, says Trade and Industry Minister Rob Davies. The Minister was addressing the South African Investment Seminar on the margins of the first China International Import Expo... Read more
New Algoa FM building a boost for PE’s Baakens Valley
Algoa FM has started on a 15-month property development in the Baakens Valley of Nelson Mandela Bay as the new home of the Eastern Cape media company’s business. On completion, Algoa FM’s new home will be worth close to R60 million. Algoa FM’s holding company, African Media Entertainment, is... Read more
Eskom helps businesses optimise energy use
Eskom has advised its business customers of a free electricity load profile audit as part of a basket of incentives. “Load profile audits conducted by Eskom’s energy advisors assist business customers to free up existing electrical capacity without having to invest in new points of supply and/or upgrades in... Read more
SA companies hopeful of trade opportunities in Peru
Finding investors and exploring trade opportunities are the prime objectives of South African businesses who are participating in the Department of Trade and Industry’s (dti) Outward Selling Mission to Peru. The mission kicks off today in Lima. “Our objective is to find businesspeople who can invest in our company,... Read more
FOCAC to set new path for China-Africa cooperation
As African leaders gather in Beijing for a summit of the Forum on China-Africa Cooperation (FOCAC), expectations are high for the two countries to strengthen their already solid friendship and further enhance pragmatic cooperation to bring tangible benefits to the Chinese and African people. The summit, scheduled to kick... Read more
SA companies explore opportunities in Peru
Local companies are to explore trade and investment opportunities in Peru as part of the Department of Trade and Industry’s (dti) Outward Selling Mission to that country. Minister Rob Davies said the mission forms part of the dti’s efforts to strengthen bilateral trade relations and increase trade and investment... Read more