Tongaat Hulett Liquidation Avoided After Government Provides R200-Million Lifeline
Last-minute funding deal allows the struggling sugar giant’s mills to open for the season, buying time for more than 18,000 KZN canegrowers
IDC
Vision Blames Government for Tongaat Liquidation Crisis
The controlling creditor says government failed to implement industry reforms and is “coy” about what it is offering to prevent liquidation
Tongaat: A Ticking Time Bomb Set to Go off in April
The company’s mills must open soon for the sugarcane harvest, but its bank accounts are frozen
Tongaat Liquidation Will Devastate Economy
Minister Parks Tau opposes liquidation, says it will cause a “jobs bloodbath”
Canegrowers to Urgently Intervene in Sugar Giant Tongaat’s Liquidation
The canegrowers’ association represents 23,000 farmers
Fort Hare’s Cattle Projects Were Supposed to Help Eastern Cape Farmers. Instead They Are a Lesson in Bad Governance
Forensic reports uncover arithmetical errors, unaccounted-for assets and absent oversight, probably resulting in the loss of tens of millions of rands for the university
ARTsolar Throws in the Towel in “Gagging” Case
The company had wanted to stop three “whistleblowers” and a journalist from reporting that it was importing and not locally manufacturing its solar panels
Solar Manufacturer ARTsolar Gagged a Reporter. So We Asked the Owner Some Tough Questions
Solar panel company ARTsolar has been in the news for obtaining a gag order against a journalist and whistleblowers. ARTsolar, a Durban-based company, has been in the news for the past few weeks because it obtained a gag order against journalist Bongani Hans and three whistleblowers. See: The company’s website states: “As a local manufacturer …
Court Victory for Freedom of Expression: IDC Ungags Itself
“There is no absolute right to be protected from being the subject of defamatory allegations” says acting judge
IDC Challenges Court Order Preventing It From Interviewing Whistleblowers
R90-million awarded to ARTsolar under investigation
Durban Judge Gags Journalist Over ARTsolar Article
Reporter prevented from exposing claims that a solar panel company misled a client
Cabinet welcomes GDP growth in fourth quarter of 2024
Cabinet welcomes GDP growth in fourth quarter of 2024
The 0.6% increase in South Africa’s gross domestic product (GDP) in the fourth quarter of 2024 signals a recovery across the economy, says Minister in The Presidency, Khumbudzo Ntshavheni.
“Cabinet is confident that the increased focus and pace of delivery on economic structural reforms, improved service delivery and State capacity, and increased participation of the private sector will spur further growth of the economy in 2025 and beyond,” the Minister said during a post-Cabinet media briefing in Cape Town on Thursday.
According to Statistics South Africa (Stats SA), South Africa’s GDP increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024.
“The agriculture, forestry and fishing industry increased by 17.2%, contributing 0.4 of a percentage point to the positive GDP growth. This was primarily due to increased economic activities reported for field crops and animal products.
“The finance, real estate and business services industry increased by 1.1%, contributing 0.3 of a percentage point. Increased economic activities were reported for financial intermediation, real estate activities and other business services,” Stats SA said earlier this month.
The trade, catering and accommodation industry increased by 1.4%, contributing 0.2 of a percentage point. Increased economic activities were reported for wholesale trade, retail trade and motor trade.
Investments
Meanwhile, Cabinet welcomed the announcement by Microsoft South Africa that it will invest R5.5 billion in artificial intelligence (AI) infrastructure in the country.
“This investment will strengthen South Africa’s position as a leading Artificial Intelligence hub on the African continent and builds Microsoft South Africa’s R20.4 billion investment over the past three years.
“Microsoft South Africa also announced their contribution to developing South Africa’s digital literacy by paying for technical certification for 50 000 individuals in high-demand digital skills.
“In further uplifting our investment profile, Indian car manufacturer, Mahindra, signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of setting up a full-scale vehicle assembly plant in the country,” the Minister said.
Mahindra already has an assembly plant of Pik Up range of vehicles in Durban operated by AIH Logistics.
The company recently celebrated the production of their 25 000th locally assembled Pik Up vehicles [range of bakkies].
“Cabinet reminded every South African as direct shareholder in South Africa Incorporated (SA Inc.) of their vested interest in promoting our country as an investment destination in a globally competitive environment. We must continue to speak with one voice in defence of our national interest, our sovereignty and our constitutional democracy,” the Minister said. - SAnews.gov.za
nosihle
Thu, 03/13/2025 - 12:12
94 views
Government remains committed to preserving local industries
Government remains committed to preserving local industries
Government is committed to preserving local industries and safeguarding employment opportunities, the Department of Trade, Industry and Competition said.
This as government acknowledged the concerns raised by the National Union of Metalworkers of South Africa (NUMSA) on the impact of ArcelorMittal South Africa’s (AMSA) decision to wind down its long steel business.
“We recognise the significance of this matter for workers, the broader steel industry, and the economy,” said the department in a statement on Saturday.
This as NUMSA staged a picket outside the Industrial Development Corporation (IDC) to voice their demands on Friday.
“The Minister is awaiting the memorandum to be presented by the board regarding these demands. Once received, the Minister will consider the issues raised and respond appropriately.
“The Department of Trade, Industry, and Competition (the dtic) remains committed to engaging all stakeholders, including AMSA, organised labour, and industry partners, to find sustainable solutions. We continue to explore all possible avenues to avert job losses, support affected workers and ensure the resilience of South Africa’s steel sector,” said the department.
The dtic urged all parties to engage constructively “as we work towards interventions that protect industrial capacity while securing long-term economic stability.”
“The government remains steadfast in its commitment to preserving local industries and safeguarding employment opportunities,” said the department.
In January, the dtic said the steel industry is critical in the reconstruction and recovery plan for the South African economy, particularly the manufacturing, mining, construction, engineering, and transportation sectors.
This as AMSA announced that it was winding down its longs steel business at its Newcastle plant.
“The department notes with serious concern the announcement by ArcelorMittal South Africa to wind down its longs steel business at its Newcastle plant. In fulfilment of its mandate to work with the private sector in growing the local economy the dtic remains committed to working with AMSA to find a workable and lasting situation,” the department said in a statement at the time.
During the course of 2024, AMSA had reached out to various government departments and state-owned entities with requests for different concessions for their business. Having taken heed of these requests, the Minister of the dtic took the decision to form a comprehensive and coordinated approach to resolving the issues raised by AMSA.
READ | DTIC notes ArcelorMittal South Africa’s decision
The Minister set up a technical working group made up of the relevant stakeholders including the dtic and AMSA, the Departments of Electricity and Energy, Transport, as well as Eskom, Transnet and private sector stakeholders. -SAnews.gov.za
Neo
Sun, 02/23/2025 - 12:02
168 views
No. 1 Hair is number one in haircare
No. 1 Hair is number one in haircare
By: Bongani Lukhele
In 1993 Andrew Lebitsa, a Free State Black Industrialist, participated in an empowerment and capacity building project that he said was initiated by South Africa’s first Black President, Nelson Mandela, and New York’s first Black Mayor, David Dinkins.
The objective of the programme was to develop a pool of black corporate bank managers to equip them with skills, knowledge and information that would empower them to play a critical role in the transformation of the banking industry after the country had transitioned to democracy.
Lebitsa spent six months at the Chase Merchant Bank and Baruch College in New York honing his corporate management skills in the bank and acquiring knowledge through the college’s Executive Management Development Programme.
At the time, little did Lebitsa know that he was bound to follow in the footsteps of the two visionary leaders and blaze his own trail, as he attests that his No.1 Hair company is the only black-owned hair braids manufacturing company in the country.
This was made possible by the support he received from the Black Industrialists Programme of the Department of Trade, Industry and Competition (the dtic).
In line with the vision of Mandela and Dinkins, the objective of the scheme is to produce a pool of capable and successful Black Industrialists who will actively and meaningfully participate in the manufacturing industry and contribute to growing the economy, creating jobs and transform the sector in particular, and the country’s economy in general.
Today, No.1 Hair, which operates from the Maluti-a-Phofung Special Economic Zone (SEZ) in Harrismith, is providing employment to 60 people who are producing the synthetic hair braids, or hair extensions as they are commonly known, for both domestic and Southern African markets.
“After a long spell in the petroleum franchise and retail industries, I got into a hardware products import and distribution industry. Many of my retail clients requested me to import hair as well. This was initially never in my mind. But after conducting a research I realised that it was a R9-billion industry in South Africa that these people were indirectly encouraging me to participate it. I decided to get into it,” recalls Lebitsa.
After bouncing off the idea with the late prominent businessperson, Don Mkhwanazi, he advised Lebitsa to consider setting up a plant and manufacture hair in South Africa, instead of importing it.
He connected him with two South Korean businessmen who assisted him to set up the factory in the Maluti-a-Phofung SEZ. The location was an obvious choice for Lebitsa as he once worked in the zone while he was employed by the Free State Development Corporation as a property manager.
“That is how No.1 Hair was born,"he said.
R60 million state-of-the-art plant
The R60 million state-of-the-art plant was set up with assistance from the dtic and Industrial Development Corporation (IDC).
“After a delay caused by the COVID-19 [pandemic], we eventually started the production of our brand of hair braids in January 2021. We started with black hair braids and extended our range to numerous other colours over a period of time,” said Lebitsa.
He concedes that penetrating the hair market as a black manufacturer has been and remains a steep challenge.
“Firstly, consumers of this product are used to particular famous brands that are all imported. It is not easy for them to warm up to and embrace a new, unknown product. Secondly, but more importantly; it is the problem of perception and stereotypes that one has to deal with in the industry.
“As a black manufacturer, you are already disadvantaged when approaching buyers who source products for big companies and retail stores.
Summer season
“From not even giving you a chance to present your products to them, to doubting both your capability as a businessperson to deliver on orders, and the quality of your products. It is a big challenge. However, one order at a time we have managed to build quite [a] sizeable number of clients,” he adds.
Lebitsa’s spirit lifts when he starts speaking about the summer season that he says sparks a high demand in hair braids. To this end, he has received huge amounts of orders that will soon see all of his production lines running at full capacity.
“Despite all these market penetration challenges, we are making steady progress and continue to grow the company. Slowly but surely, we are increasing our own market share.
“We pride ourselves in being a proudly South African company whose products and raw material are produced in the country.
“We are hopeful that the Buy Local Campaign will instil patriotism in consumers of our products and enable them to choose locally-produced quality products instead of poor quality imports.”
He revealed that his plan is to expand his business by diversifying his product range and venturing into the manufacturing of hair care products. - SAnews.gov.za
*Bongani Lukhele is the Director: Media Relations for the dtic
DikelediM
Thu, 12/26/2024 - 07:00
76 views
South Africa-Angola elevate bilateral relations
South Africa-Angola elevate bilateral relations
President Cyril Ramaphosa has emphasised that increasing trade and investment between South Africa and Angola remains a top priority.
“Increasing trade and investment between the two countries remains our foremost objective. South Africa must become the destination of choice for Angolan goods, products and services, and vice versa,” he said.
The President was delivering opening remarks during official talks with Angolan President João Manuel Gonçalves Lourenço at the Union Buildings in Pretoria, on Thursday.
President Lourenço of the Republic of Angola is in South Africa on a State Visit at the invitation of President Ramaphosa.
The Heads of State are using the occasion to solidify relations between the two countries who share deep historical ties.
WATCH | Official Talks between HE President Cyril Ramaphosa and HE President João Lourenço
President Ramaphosa highlighted the decision to elevate the structured bilateral mechanism between South Africa and Angola from a Joint Commission of Cooperation to a Bi-National Commission (BNC), reflecting a deepening commitment to collaboration.
The inaugural BNC session will take place in Angola next year, coinciding with the 50th anniversary of Angolan independence.
“Co-chairing this first session with you will be an honour, especially given that it will be during the 50th anniversary celebrations of Angolan independence.”
The President underscored the strong economic ties between the two nations, noting the presence of 20 South African companies in Angola and their diversification into sectors beyond oil.
South African foreign direct investment (FDI) into Angola has been in a range of sectors such as financial services, IT, food and beverage, transportation, warehousing and tourism.
South Africa’s Industrial Development Corporation (IDC) also has investment projects in Angola, namely in the Cabinda Oil Refinery and the Cabinda phosphate project.
“We want to see more Angolan companies in South Africa. Opportunities exist in infrastructure development, agriculture, construction, mining, financial services, telecoms and manufacturing, to name but a few,” the President explained.
Collaboration in Economic Growth
The leaders discussed leveraging the African Continental Free Trade Agreement (AfCFTA) to drive industrialisation and trade.
President Ramaphosa also emphasised the potential for joint strategies in mineral beneficiation, particularly as global demand grows for critical minerals essential to the energy transition.
He highlighted Angola’s Lobito Trans-Africa Corridor as a promising development for regional integration and trade.
“We see the African Continental Trade Agreement as a catalyst for inclusive economic growth, and we must take advantage of the system of preferential terms provided to signatories.
“As both Angola and South Africa strive to accelerate the pace of industrialisation, we need to build mutually complementary capabilities in manufacturing and value-addition of products,” he said.
Commitment to Peace and Multilateralism
The leaders’ discussions extended to shared efforts in promoting peace and security across the continent.
Angola’s contributions to peacebuilding, particularly its role in the Southern African Development Community (SADC) and initiatives like the Luanda Process were praised.
“We must continue to deepen our collaboration towards resolving the conflict in the Eastern DRC, the civil war in Sudan and the post-electoral crisis in Mozambique.
“Silencing the Guns across Africa is a necessary precondition for stability, economic growth and development. As African countries, we must be at the forefront of promoting the peaceful resolution of conflict, particularly at a time when the future of multilateralism is at stake,” he said.
On the global stage, President Ramaphosa advocated for reforming international institutions, including the UN Security Council, to better represent the Global South. He reaffirmed South Africa’s commitment to multilateralism, calling for respect for the United Nations Charter and international law.
Africa at the forefront
With South Africa having assumed the G20 Presidency, President Ramaphosa pledged to prioritise Africa’s developmental goals, particularly those outlined in Agenda 2063.
According to the African Union, Agenda 2063 is Africa's development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.
The President highlighted that South Africa will host the first G20 Summit on African soil in 2025, signalling a historic moment for the continent.
“Working with the African Union and fellow African countries will ensure that the issues of strategic importance to Africa and the Global South are highlighted.”
The President further extended a warm welcome to President Lourenço and his delegation saying his visit marks a significant step in strengthening bilateral ties between the two nations.
“Your presence here testifies to the strong ties of solidarity and friendship between our two countries.” – SAnews.gov.za
DikelediM
Thu, 12/12/2024 - 13:52
294 views
Godongwana welcomes IDC CEO appointment
Godongwana welcomes IDC CEO appointment
Finance Minister Enoch Godongwana has expressed confidence in the appointment of Mmakgoshi Lekhethe as Chief Executive Officer (CEO) of the Industrial Development Corporation (IDC).
Lekhethe is currently the Deputy Director-General of Asset and Liability Management at the National Treasury and will become the IDC’s first female CEO.
She first joined National Treasury in 1996.
“Ms Lekhethe is an accomplished public servant and a proven leader. She has a proven track record and is without a doubt a benefit to any organisation. She has served the National Treasury for close to two decades and as sad as we are to see her go, I am glad that she is not lost to government entirely.
“Ms Lekhethe’s considerable local and international experience in financial markets and economic policy puts her in good stead to lead the IDC’s push to reinvigorate South Africa’s industrial policy agenda at time when economy needs it most. I wish her well on this new journey,” Godongwana said.
Chairperson of the IDC’s Board of Directors, Busi Mabuza, welcomed the appointment.
“The Board of the IDC is delighted to welcome Ms. Lekhethe as our new CEO and look forward to leveraging her exceptional leadership skills, strategic insights, and deep industry knowledge. Her experience and appointment is a testament to her suitability to lead the IDC and contribute to its mandate.
“The Board would like to thank the IDC leadership team, especially the Interim CEO Mr. David Jarvis, for leading the organisation during the search process. The continuity and stability of the IDC during this interim period will serve as a strong foundation for Ms. Lekhethe to build upon,” Mabuza concluded. – SAnews.gov.za
NeoB
Sun, 12/08/2024 - 09:41
242 views
Support for manufacturing remains a priority for government
Support for manufacturing remains a priority for government
Trade, Industry and Competition Deputy Minister Andrew Whitfield says supporting the manufacturing sector in South Africa remains a key priority for government, as this will lead to more sustainable growth and job creation.
Whitfield was speaking during a site visit to the Usabco Addis manufacturing plant in Cape Town, Western Cape.
According to Whitfield, supporting the manufacturing sector and developing policies that are competitively driven will contribute immensely and respond to some of the issues that the sector is currently facing.
“As the world changes, South Africa is well positioned globally to look at innovative ways to develop and grow the sector. Research, innovation, localisation, the green economy and trade agreements are some of the tools and factors that can be used to position the sector as the leader on the continent,” said Whitfield.
Whitfield commended Usabco Addis for its contribution to the circular economy. This as 40% of the company’s products are produced from recycled plastics and he encouraged the company to find ways to increase its recycled inputs further.
The company currently employs over 800 people, and the Minister was impressed by its efforts to increase its local market share and the creation of even more jobs.
Whitfield also pointed out that the Department of Trade, Industry and Competition (the dtic) funding agencies, such as the Industrial Development Corporation (IDC) can be engaged to fund some of the projects that can assist the sector.
“Government does not underestimate nor take for granted the contribution and the investment that the sector has made over the years. It is for us as the department to be in a well-informed position to come with policies that will sustain the sector going forward.
“Ultimately, our job in government is to make it easier for businesses to grow and create jobs, and for our people to get those jobs and keep those jobs.”
Whitfield added that Africa was seen as the next frontier in the manufacturing sector with the African Continental Free Trade Area’s (AfCFTA) drive to boost intra-Africa trade, encourage investment, and stimulate economic growth.
He said that this was an opportunity the country must take full advantage of, as the continent moves in the right direction to curb red tape and drive trade with each other.
“The dtic’s urgent priority over the next five years is to create rapid, inclusive, sustainable growth and job creation through manufacturing, services, investments and export lead growth,” he said. – SAnews.gov.za
Edwin
Thu, 11/14/2024 - 15:08
116 views
dtic to launch the Khoebo Innovation Promotion Programme
dtic to launch the Khoebo Innovation Promotion Programme
The Department of Trade Industry and Competition (dtic), in partnership with the Industrial Development Corporation (IDC) and the University of Free State, Bloemfontein Campus, will launch the Khoebo Innovation Promotion Programme (KIPP) on Monday.
This as a fund to drive innovation among early-stage Small Medium Enterprises in the Free State.
The programme was initially launched in June 2024 in Johannesburg and a series of regional launches will be taking place throughout the country.
The objective of the KIPP is to enable early-stage innovative SMEs to penetrate the market with their locally developed innovations resulting in a more competitive economic environment, thereby facilitating economic growth in the South African economy.
According to the Acting Deputy Director-General of Investment and Spacial Industrial Development at the dtic, Yunus Hoosen, the launch seeks to facilitate interactions with potential partners, beneficiaries, and supporters, building relationships that support the fund's objectives.
According to Hoosen, since the establishment of KIIP in 2020, the programme has funded more than 36 projects across various sectors of the economy, with R 148.2 million committed and R113.8 million disbursed to date.
He said the launch will highlight progress for present achievements under KIPP to demonstrate the positive impact of the programme.
“The session is intended to enhance knowledge and increate public gain and clear understanding of KIPP’s objectives and application process.
“The session will be characterised by an interactive stakeholder engagement that is expected to create public awareness and inspire participation and applications from Free State innovative SMEs eligible for funding and support under KIPP,” Hoosen said.
Local entrepreneurs and SME owners, especially those working in the technology and innovation sectors, and industry stakeholders including funders are expected to attend the event.
Potential partners who are interested in promoting economic transformation through innovation and university students and researchers who are interested in innovation and entrepreneurship will also participate in the launch. – SAnews.gov.za
Edwin
Thu, 10/31/2024 - 11:41
4 views
Access to finance remains a challenge for SMMEs
Access to finance remains a challenge for SMMEs
While government is fully cognisant that access to finance remains the most significant barrier to entry for new venture creation, small, medium and micro enterprises (SMMEs) and entrepreneurship, steps are being taken to address this.
This is according to the Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi, who was during the Financial Inclusion Week session in Johannesburg.
“The consequences of government inability to increase the pace of transformation after 30 years are evidenced by the lack of economic growth, unsustainably high levels of unemployment, widening inequality and market concentration,” Godlimpi said.
“Though government policies have worked to dismantle many structures of the apartheid state and increase living standards, these efforts have not translated into the creation of job opportunities for many South Africans,” he said.
Godlimpi pointed out that the Department of Trade, Industry and Competition (the dtic) and its agencies, which include the Industrial Development Corporation (IDC) and the National Empowerment Fund (NEF), have managed to attract new business projects in which they will be investing R78 billion.
“We have also agreed to push the dtic and its entities to go beyond the Treasury standards to pay SMMEs. This ensures that we, as an institution of nine branches and 18 entities, do not contribute to the barriers that constrain our SMMEs.”
Glodlimpi explained that on the policy front, government is aware that SMMEs find it difficult to access different forms of finance, including debt.
He said when SMMEs approach debt markets, they are often faced with onerous credit checks and, at times, fall victim to negative reinforcement tools such as credit bureaus due to a lack of access to patient capital.
“When a small business owner misses debt repayment due to delayed payments from clients and, in many instances, the government, they are blacklisted. According to [the] Small Enterprise Development Agency's SMME Quarterly and Stats SA, SMMEs contribute about 59% of total employment in the country,” he said.
Godlimpi said this picture demonstrates the unsustainable structure of credit market in South Africa, which is embedded in a consumption logic rather than a developmental and investment orientation.
“As part of the Minister Parks Tau's new wall-to-wall approach, we have begun to look at sharing important economic data within the dtic to enhance our understanding of the economy and achieve complementarity in deploying the various tools to achieve our industrial policy objectives,” said Godlimpi. – SAnews.gov.za
Edwin
Fri, 10/04/2024 - 10:36
405 views
TNPA invites service providers for Liquefied Natural Gas at Ngqura
TNPA invites service providers for Liquefied Natural Gas at Ngqura
The Transnet National Ports Authority (TNPA), in collaboration with Infrastructure South Africa (ISA) and the Industrial Development Corporation (IDC), has approached the market for an Environmental Impact Assessment (EIA).
This is to encourage interested parties to submit proposals for the envisaged Liquefied Natural Gas (LNG) terminal at the Port of Ngqura.
READ | Port investments to contribute towards SA economy
The Request For Proposals (RFP) process will see the appointment of a service provider contracted to assess the environmental compliance and sustainability of the proposed LNG terminal.
This involves conducting a detailed analysis of ecological and local regulations to determine critical environmental authorisations. These include a seismic survey, marine ecology, climate change impact assessment and socio-economic assessment to support the project.
The EIA process is carried out in tandem with negotiations of the Terminal Operator Agreement (TOA) between TNPA and the Strategic Fuel Fund (SFF) to build and operate an onshore LNG regasification facility at the Port of Ngqura for 30 years.
The appointment of SFF is the outcome of a Section 79 process and directive issued by the former Minister of Transport, in accordance with the National Ports Act of 2005.
“This milestone is a critical step towards the development of the LNG terminal at the Port of Ngqura. Through its commercial seaports, TNPA is at the forefront of enabling the gas-to-power project pipeline whilst ensuring the security of supply and unlocking global opportunities for sustainable impact,” said Acting TNPA Chief Executive, Phyllis Difeto.
The Port of Ngqura LNG Terminal is one of 12 priority infrastructure projects announced in March 2024 that hold a Strategic Integrated Project (SIP) status.
The triad strategic partnership is fast-tracking the conclusion of the EAI, with the RFP closing on 30 October 2024. This partnership will also see the issuing of the RFP for Prefeasibility Studies by end September 2024.
“ISA is established to provide strategic, technical and financial advisory support to project sponsors for the planning, preparation, development and implementation of national pipeline projects and strategic integrated projects,” said Mameetse Masemola, the Acting Head of Infrastructure South Africa.
“This project is one of the flagship projects which we are proud to support and excited that progress is moving at a good pace,” he said.
Tender documents can be accessed on: https://www.idc.co.za/tenders/ and https://www.etenders.gov.za/ - SAnews.gov.za
Edwin
Wed, 09/25/2024 - 11:28
373 views
Beneficiaries express gratitude for Green Tourism Incentive Programme
Beneficiaries express gratitude for Green Tourism Incentive Programme
The Department of Tourism has invited eligible tourism enterprises to apply for support under the Green Tourism Incentive Programme’s (GTIP) 10th application window.
The window opened on 2 September 2024 and will remain open until 28 February 2025.
The GTIP was developed by the Department of Tourism in partnership with the Industrial Development Corporation (IDC) to enable and encourage tourism enterprises to improve efficiency in the utilisation of energy and water resources in their operations.
In this way, the programme not only promotes compliance with responsible tourism principles, but also offers a mechanism for enterprises to reduce operational costs so they can operate in a sustainable and competitive manner.
The GTIP has enjoyed much success from tourism enterprises who applied for support.
Mokgaetji Flora Phala from Mminanoko Eco Guesthouse in Limpopo said: “I was spending R2 500 on electricity costs per month. I now spend R500 a month, saving between R1 500 to R2000 a month following the installation of energy solutions. The GTIP is a great initiative that helps a lot and can be recommended to other businesses.”
Chris de Vries from Maribelle's B&B in Pretoria, Gauteng, said the amount spent on electricity was high before the installations, but it has gone down significantly.
“It is still too early to tell the exact amounts, but I have noticed a significant saving from the installations. I would definitely recommend other business to get access to this programme; it is very beneficial,” he said.
Meanwhile, Gugulethu Nogaya from Imvomvo Country Lodge in MaXesibeni, Eastern Cape, said energy consumption prior to the installation of energy solutions averaged at 24 000 kWh per month.
“Since the installation it has reduced our monthly energy consumption by half. We were spending approximately R60 000.00 on diesel during peak load shedding, but that has now dropped to less than R5 000 per month only when there are power outages. I would highly recommend the GTIP programme for all lodges, B&B’s and other businesses as it significantly improves margins by reducing cost and increases customer satisfactions,” he said.
The GTIP offers partial grant funding on the cost of retrofitting tourism facilities with energy and water efficiency equipment and systems. The application process to access the GTIP is done through two phases:
• Phase 1: The applying Tourism enterprises undergoes a resource efficiency audit during which appropriate efficiency measures and solutions are recommended. The cost of this audit is fully covered under the GTIP programme.
• Phase 2: Eligible applicants (who completed phase 1) are able to apply for grant funding support of between 50% and 90% on the cost of installing relevant technologies and equipment recommended during the Phase 1 (capped at a maximum of R1 million per applicant).
The GTIP is administered by the IDC and all applications are received, processed and managed by the IDC on behalf of the Department of Tourism.
Since inception in November 2017 and June 2024, the GTIP has had nine application windows from which 216 applications were approved at a total grant value of more than R140 million.
Tourism Minister, Patricia de Lille, said initiatives such as the GTIP are contributing immensely to greening the tourism sector and in the process helping to sustain the future of this sector.
“Conserving our scarce natural resource is crucial to the sustainability of the tourism sector. As we work towards the attainment of the 2030 Sustainable Development Goals (SDGs), programmes such as the GTIP become critical in reinforcing and supporting tourism enterprises to adopt responsible tourism practices.
“Accordingly, the GTIP aims to support tourism enterprises to retrofit their facilities with green technologies such as solar PV panels and water saving measures. I therefore encourage businesses to apply for funding support under the GTIP,” the Minister said.
Tourism enterprises can visit www.tourism.gov.za or www.idc.co.za to read more on the requirements, eligibility and qualifying criteria and the application processes for the GTIP. – SAnews.gov.za
DikelediM
Wed, 09/04/2024 - 10:33
34 views
Retrenchments in the platinum sector a cause for concern
Retrenchments in the platinum sector a cause for concern
Mineral and Petroleum Resources Minister Gwede Mantashe says he is concerned about the recent retrenchments in the platinum sector.
“Whilst the mining sector employs 489 000 mineworkers, we have noted with concern the recent retrenchments specifically in the platinum sector. In response to these job losses, we have pulled our social partners together and are in discussions to craft an approach to minimise them,” Mantashe said, delivering the Department of Mineral Resources and Energy’s Budget Vote in Cape Town.
He said significant progress has been made by the National Energy Crisis Committee (NECOM) and National Logistics Crisis Committee (NLCC) who have formed partnerships with industry players to improve the state of infrastructure to support mining.
“The department is currently drafting amendments to the Mineral and Petroleum Resources Development Amendment Act (MPRDA) aimed at ensuring that areas that have been identified as weak and those that have been challenged legally are strengthened against international best practice.
“The amendments will also review the licensing regime to reduce red tape and improve the business environment for investors while keeping in sync with South Africa’s social and economic fabric,” Mantashe said.
He said the amendments are a continuation of the regulatory and policy adjustments initiated during the sixth administration.
“Given South Africa’s endowment with considerable mineral reserves of strategic significance to the global economies, we are convinced that increased exploration will enable the country to meaningfully benefit from its global advantage.
“To enable this the department, guided by the country’s exploration strategy, has in partnership with the Industrial Development Corporation (IDC) established an exploration fund to support emerging and junior miners,” Mantashe said.
Government intends to intensify engagements with several fund managers and the investor community to secure additional financing to sustain the fund into the future.
The department has allocated R72 million to fund artisanal and small-scale miners, including women and youth-owned companies.
Mantashe said the health and safety of mine workers remains at the centre of government’s work.“Owing to our strategic partnership with our social partners we have improved our performance towards the zero harm goal,” he said.
The Minister said this is demonstrable in the decline in mine fatalities, injuries and occupational diseases as evidenced by the 49 fatalities being the lowest on record in 2022.
“Although we had set our sights on beating this record in 2023, the regrettable disaster at the Impala Rustenburg that killed 13 mineworkers and many other fatal incidences contributed to the regression resulting in 53 fatalities reported in 2023.
“We have also noted with great concern the emerging trend of fatalities related to motor accidents and disasters involving illegal miners.
“To this end, the department has entered into an agreement with the industry on the development of minimum standards and guidelines to mitigate against road fatalities, while intensifying the fight against illegal mining,” the Minister said.
In the 2024/25 financial year, the department has been allocated at least R8.84 billion, of which R6.4 billion is earmarked for transfers to public entities, municipalities, and other institutions or implementing agents. – SAnews.gov.za
Edwin
Fri, 07/12/2024 - 12:19
477 views
The BBC Commends President Ramaphosa For Insisting That The DTIC Is Not Allocated To The Control Of The Democratic Alliance
The Black Business Council (BBC) commends President Ramaphosa for his bold and courageous leadership for insisting that the Department of Trade, Industry and Competition (dtic) is not allocated to the control of the Democratic Alliance (DA). The dtic houses all the instruments (e.g. BEE Commission, Competition Commission, IDC, National Empowerment Fund, etc) to implement socio-economic …
Construction of Stellantis forges ahead
Construction of Stellantis forges ahead
The final building blocks have been laid for the establishment of South Africa’s latest automotive manufacturing site, paving the way for construction to begin at the Coega Special Economic Zone (SEZ) in Gqeberha, Nelson Mandela Bay, in the Eastern Cape.
Stellantis, the world’s third biggest automotive manufacturer by volume, and South Africa’s largest development funder, the Industrial Development Corporation (IDC) have concluded key milestones that will lead to a joint venture.
The investment estimated at R3 billion is expected to facilitate the creation of massive employment opportunities in the Eastern Cape.
The Coega Development Corporation (CDC), which is supplying the ground on which the factory will be built, has begun preparing the site for the start of construction.
“I welcome the progress made with concluding all modalities with Stellantis that will enable construction to commence this year and start of production of a new auto model to roll off the assembly line by the end of 2025,” said Ebrahim Patel, Minister of Trade, Industry and Competition.
“The SA auto industry is Africa’s largest producer of cars, bakkies and trucks and this new investment by Stellantis will consolidate the country’s position, helping us to achieve the goal of producing 1.4 million vehicles by 2035.
“The biggest attractions for new investors are the size of the domestic market, together with the auto industry masterplan, which supports local production for both South Africa and export markets,” said the Minister.
He added that Stellantis has a strong growth vision with an excellent range of vehicles in its global stable.
“We look forward through this investment to increasing the range of locally manufactured cars available to motorists,” Patel said.
The Minister said it was heartening to see the manner in which the combination of expertise within the collective of the Department of Trade, Industry and Competition (DTIC), the IDC, CDC and Stellantis united to form a cross functional team that is making excellent progress.
“It’s this teamwork that will realise not only having Stellantis as SA’s eighth OEM, but most importantly in realising the plans for employment and investment in South Africa and support our industrialisation drive.
“We look forward to a long and mutually beneficial relationship between Stellantis and South Africa,” Minister Patel said.
Stellantis Middle East Africa (MEA) COO, Samir Cherfan, Stellantis SA MD Mike Whitfield, IDC interim CEO David Jarvis, including CDC Acting CEO Themba Khoza agreed with Patel’s sentiment stating that progress made so far was in line with their respective organisation’s strategic development goals.
“The construction of this plant is critical to Stellantis’s Dare Forward 2030 strategy. This strategy also speaks to the South African industrialisation plan which is a very important tool in helping us achieve our target to produce a million units in the MEA region by 2030 – a factor that will help us attain 22% market share in this region.
“Our medium to long-term objective is to ensure that 90% of vehicles sold in the MEA region are sourced from our production plants in this region,” said Cherfan.
The project is a major vote of confidence in South Africa as an investment destination and as a gateway into Africa.
“We are very proud of being involved in this; the construction of this plant is a major statement of faith in this country and the capacity of South Africans to be entrusted with running a project of this magnitude.
“This is a factory of which we can all be proud of, not just because of what it will represent to the people of the Eastern Cape, but also because of the technological advances that it will incorporate and the environmentally conscious way that it has been planned, will be built and will be operated,” Cherfan added.
All fauna and flora have been successfully removed from the site and rehomed as per the environmental impact study conducted by Coega.
Coega Acting CEO Themba Koza said: “Coega is focused on delivering the finest plant for Stellantis, reinforcing the Coega SEZ as an automotive hub in the country, in line with its vision to be the leading catalyst for the championing of socio-economic development.
“The impending construction of the Stellantis factory has acted as a catalyst to other investors. We have had numerous requests to support the automotive sector in Coega and to rapidly grow our planned supplier park.”
IDC’s Jarvis said the new company to house the Stellantis-IDC JV is on track to be registered.
“The milestones concluded thus far will help to kick start a project that will significantly improve the economic fortunes of the Eastern Cape,” Jarvis said.
He added that the IDC is pleased to be partnering with such a reputable automotive manufacturing company of Stellantis’s stature.
“Stellantis’s success with other manufacturing plants around the world is well-known. Together, we are highlighting the IDC’s intent to continually participate and drive investment to develop the regional automobile value chain,” Jarvis said. – SAnews.gov.za
Edwin
Thu, 05/23/2024 - 12:44
536 views