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Economic development initiatives to spur economic growth

Location: News

Economic development initiatives to spur economic growth

Over the next three years, government spending on economic development will be the fastest-growing function at an annual average rate of 8.1%, driven by higher allocations to infrastructure projects.

According to the 2025 National Treasury Budget Review, medium-term spending for economic development will grow from R252.4 billion in 2024/25 to R318.4 billion in 2027/28.

The Department of Land Reform and Rural Development will expedite the finalisation of outstanding land claims, prioritising older claims. 

The department has been allocated R11.6 billion over the medium-term to settle about 844 land restitution claims, with R3 billion earmarked to allocate 138 000 hectares of land.

“Over the medium-term, the Department of Science, Technology and Innovation will invest R3 billion in the construction of the MeerKAT array and efforts to secure the hosting of part of the Square Kilometre Array. 

“Guided by evidence and targeted public policy interventions, R2.9 billion will be invested annually in postgraduate development and research support. Additionally, R3.8 billion will be allocated annually to provide access to cutting-edge research infrastructure,” the Budget Review document said.

To enhance productivity, competitiveness and the green economy, government will spend R18.4 billion over the medium term to support businesses through various incentive programmes under the Department of Trade, Industry and Competition.

These programmes include the automotive investment scheme, business process outsourcing, film and television production incentives, special economic zones, clothing and textile competitiveness programmes, the industrial park revitalisation programme and industrial development support for electric vehicle production.

“The Department of Small Business Development is allocated R2.1 billion over the medium-term to support about 120 000 competitive small businesses, particularly those owned by women, youth and people with disabilities in marginalised areas, such as townships and rural regions. 

“In addition, government has allocated R313.7 million over the medium-term for the establishment of micro, small and medium enterprise hubs to support business expansion,” National Treasury said.

Government will merge the comprehensive agricultural support programme grant and the Ilima/Letsema projects grant into a single grant with the existing consolidated baseline of R7.3 billion over the Medium-Term Expenditure Framework (MTEF) period. 

This merger aims to streamline grant administration, improve resource allocation, and support commercial and subsistence farming. 

“To minimise outbreaks of pests and diseases that affect agricultural production, the department will accelerate regulatory compliance and monitoring interventions costing R30.3 million over the medium term.

“The Independent Communications Authority of South Africa is allocated R102 million in 2025/26 for the second phase of the licensing of spectrum through an auction process.

“This is expected to increase investment in networks, improve network quality, contribute to economic growth and lower data costs,” National Treasury said. -SANews.gov.za

nosihle
Wed, 03/12/2025 - 14:29
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Summit to boost small enterprise development in KZN

Location: News

Summit to boost small enterprise development in KZN

Business leaders, entrepreneurs and government officials in KwaZulu-Natal are currently engaging on critical issues impacting small enterprises across the province.

These role players are gathered at the 2025 Umyezane Summit, Conference and Awards, which is taking place at the Inkosi Albert Luthuli International Convention Centre and hosted by the Department of Economic Development, Tourism and Environmental Affairs (EDTEA).

Addressing the opening of the summit on Monday, KwaZulu-Natal Premier Thamsanqa Ntuli emphasised the pivotal role played by small, medium and micro enterprises (SMMEs) in driving economic transformation and creating jobs within the province.

“The growth of SMMEs is central to building a resilient and inclusive economy. Through initiatives like the Umyezane Summit, we aim to empower small businesses, strengthen township and rural economies, and ensure that historically disadvantaged entrepreneurs are given meaningful opportunities to thrive,” Ntuli said.

He highlighted the provincial government’s commitment to fostering an enabling environment for entrepreneurs by addressing barriers including crime, access to funding, and market opportunities.

The summit and accompanying awards reflect the provincial government’s vision of fostering a thriving, inclusive economy driven by small enterprises.

Ntuli assured entrepreneurs that KwaZulu-Natal remains committed to policy reforms, financial support, and capacity-building programmes that will position SMMEs as key drivers of economic growth.

EDTEA MEC Musa Zondi noted the importance of public-private partnerships in unlocking economic opportunities for SMMEs.

“We must remove red tape, foster innovation and create sustainable pathways for small businesses to succeed in both local and global markets,” Zondi said.

The summit features panel discussions, policy dialogues, and networking sessions, where stakeholders engaged on topics including:

•    Crime and business security – Addressing the impact of crime on small businesses and strategies to enhance security.
•    Regulatory and policy compliance – Simplifying business registration and licensing processes.
•    Revitalising township and rural economies – Exploring innovative approaches to support businesses in historically underserved areas.
•    Access to funding and market opportunities – Strengthening financial support mechanisms for SMMEs.
•    The Black Industrialists Programme – Accelerating transformation by expanding support for Black-owned enterprises in key sectors.

Recognising excellence in entrepreneurship

During the award ceremony on Monday, Ntuli commended the recipients for their dedication and contribution to economic development, reaffirming government’s ongoing support for the province’s entrepreneurial ecosystem.

The awards celebrated outstanding entrepreneurs, who have demonstrated resilience, innovation, and business excellence in KwaZulu-Natal, including youth and women-owned businesses, rural enterprises, and emerging industrialists.

The summit ends today. – SAnews.gov.za

GabiK
Tue, 03/11/2025 - 12:30
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SA and Chile sign trade cooperation agreement

Location: News

SA and Chile sign trade cooperation agreement

South Africa and Chile have signed an agreement that will see the two countries cooperate in areas of trade and industry promotion, decarbonisation and critical minerals among others, the Department of Trade, Industry and Competition (dtic) said.

The agreement was signed at the 8th meeting of the Joint Trade and Investment Commission (JTIC) between South Africa and Chile in Pretoria on Friday.

The agreement also extends to strengthening bilateral trade and investment relations in micro, small and medium enterprises (MSMEs) and women-led enterprises as well as value chains.

The JTIC was jointly led by the Deputy Minister of the dtic, Zuko Godlimpi and Chilean Vice Minister of Trade, Claudia Sanhueza Riveros.  

Godlimpi said both countries have identified concrete steps to increase and further diversify trade and investment. These include exchange of products of export interest.

“In addition, we have also agreed on decarbonisation and adding value to our critical minerals, as President Cyril Ramaphosa has said that an era has passed whereas developing countries we find ourselves at the lower levels of global value chains.

“We agreed to explore cooperation to encourage beneficiation of these critical minerals. Beneficiation opportunities will include cooperation of fuels cell and battery manufacturing,” said Godlimpi.

The Deputy Minister pointed out that while both countries used the opportunity to discuss trade and investment opportunities that exist between them, it would also be important to understand opportunities that the private sector identify, as well as challenges.

“For Chilean companies operating in South Africa, they will have access to markets in [the] Europe Union, the European Free Trade Association, Mercosur and also on the continent of Africa through the Africa Continental Free Trade Area. There is a great potential for South Africa to serve as [a] gateway for Chilean companies into Africa.”

He further said that South Africa and Chile consider cooperation in small and medium enterprises and women-led enterprises as critical to promoting inclusive trade.

“There will be cooperation in exchange of knowledge and expertise, integration into global value chains, start-up programmes, export opportunities for incubators and finance for small businesses. Relevant ministries and agencies tasked with small and medium enterprises and women-led enterprises will make contact with each other before end of April 2025,” he said. -SAnews.gov.za

 

Edwin
Sun, 03/02/2025 - 12:07
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African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

Location: Business
African Development Bank Group (AfDB)

The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.

The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA). This initiative strengthens Standard Bank's lending capacity, ensuring greater access to finance for SMMEs, a critical driver of economic growth and job creation in South Africa.

The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million. This financing will support up to 4,000 businesses, helping them scale operations, create jobs, and contribute to economic resilience.

Kenny Fihla, Deputy Chief Executive Officer of Standard Bank Group and Chief Executive Officer of SBSA, welcomed the investment, stating: “This landmark partnership strengthens our ability to support SMMEs, the backbone of South Africa's economy. With approximately 3.2 million SMMEs accounting for 60% of jobs, ensuring access to finance is crucial. This initiative aligns with our Sustainable Finance Framework and our commitment to financial inclusion.”

In addition to the social bond, the $200 million RPA enhances trade finance across Africa, focusing on Low-Income Countries and Transition States. This agreement enables local banks to increase lending by sharing risk, bridging the trade finance gap, and promoting intra-African trade.

Leila Mokaddem, Director General for Southern Africa at the African Development Bank, highlighted the broader impact: “This collaboration marks a significant milestone in our long-standing partnership and is a testament to our shared commitment to supporting SMMEs' growth and enhancing trade finance across Africa. Expanding financial inclusion and trade opportunities empowers businesses to drive economic transformation and regional integration. The Standard Bank Group remains a strategic partner in our shared vision for economic development on the continent.”

This initiative aligns with the African Development Bank's Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. It also supports Standard Bank's Sustainable Finance Framework, reinforcing both institutions' commitment to fostering green and inclusive growth.

“We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.

Kenny Fihla reaffirmed the significance of the collaboration:

“By providing much-needed capital, we are helping enterprises overcome challenges and thrive. This partnership illustrates the power of collaboration in driving meaningful economic and social change in Africa.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

For media inquiries, please contact:
Natalie Naudé
Communication and External Relations Department
Email: media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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Economic transformation key to fostering inclusivity

Location: News

Economic transformation key to fostering inclusivity

Small Business Development Minister Stella Ndabeni has expressed support for the economic transformation initiatives recently announced by the President to build an inclusive economy that creates opportunities for the historically marginalised and generates new jobs.

During last week’s State of the Nation Address (SONA), President Cyril Ramaphosa said South Africa must lift economic growth to above 3% and create a thriving economy that benefits all.

“There is no way we can achieve the national consensus with an economy that excludes the majority. The social contract that we want to craft should contribute towards reconstructing our economy to achieve more growth, jobs and inclusion. This is more urgent for communities in the township and rural areas, especially youth and women,” Ndabeni said on Tuesday in Parliament.

Addressing the SONA Debate, the Minister said the national democratic society that government envisions must be founded on a dynamic and inclusive economy that reflects the country’s natural endowments and the innovation of its people.

“To ensure increased access to funding, the President has announced the innovation fund and transformation fund worth R20 billion per year over the next five years. These funds will act as a catalyst to attract other funds and disburse more funding and support to Micro, Small, and Medium Enterprises (MSMEs),” the Minister said in Parliament on Tuesday.

Government will set up a transformation fund worth R20 billion a year over the next five years to fund black-owned and small business enterprises.

“For us, land redistribution is a fundamental pillar of this transformation. Sustainable land reform must be supported by policies that equip small-scale and emerging farmers with the resources and skills needed for success,” she said.

She said economic transformation also requires a competitive and efficient market, free from the monopolistic constraints of colonial capitalism. 

“For these goals to be achieved, the State must play a strategic role, including through directing resources towards boosting the township and rural economies. It is in line with this argument that we support the signed Land Expropriation Act and the transformation fund,” the Minister said.

The Act allows for the State to expropriate land in the public interest – subject to just and equitable compensation.

With government placing MSMEs at the centre of economic growth, the Minister said South Africa is drawing valuable lessons from the experiences of other developing countries across the world.

“We welcome the announcement that over the next three years, this administration will spend R940 billion on infrastructure projects. We eagerly await the finalisation of the regulations under the Public Procurement Act that will drive transformation, foster the emergence of new players in the economy, and enable participation of small enterprises,” the Minister said.

The regulations of the Public Procurement Act seek to ensure businesses owned by women, youth and persons with disabilities receive equitable opportunities in government contracts.

“As a department, we have a range of instruments to provide wholesale finance, direct loans, blended finance, working capital and grants to various categories of MSMEs s and co-operatives.

“Some of these we offer in partnership with financial institutions like banks, where our credit guarantee and supplier guarantee products are working well, leveraging R6.25 in financing for every rand we guarantee,” Ndabeni said.

She noted that government’s efforts in digitalising systems at the Small Enterprise Development and Finance Agency (SEDFA) will accelerate turnaround times and improve accountability to applicants.

The Township and Rural Enterprise Programme (TREP) applications will now be processed within seven days and the purchase order financing in four days.

“Through small enterprise eco-system, we have agreed on a stretch target of creating one million new MSMEs by 2030 and this will give us 3.7 million jobs, at current averages.

“We are currently undertaking industry engagements across various sectors to better understand trade and market demand pathways.

“Accordingly, we have engaged the automotive, wine and fishing industries – while in the coming weeks we will be extending these engagements to the agricultural sector, build industry, energy, petroleum and oil industry, sport and arts industries among others. We have accordingly looked at skills gaps within MSMEs and to this end we will be engaging Deans of Commerce across the country to ensure that their curriculum respond effectively,” the Minister said.

The Minister’s department is also engaging traditional leadership and organised business associations. 

“We are exploring ways in which to make people in Township and Village economies true owners and drivers of this R 300 billion economy,” she said. - SAnews.gov.za

nosihle
Wed, 02/12/2025 - 09:13

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Government activities for the week 1 – 7 February 2025

Location: News

Government activities for the week 1 – 7 February 2025

From 1 to 5 February, the Minister of Science, Technology and Innovation, Prof. Blade Nzimande, undertakes a G20 science, technology and innovation visit to the United Arab Emirates and Egypt.

On Monday, 3 February, the South African delegation, led by the Minister of Mineral and Petroleum Resources, Gwede Mantashe, participates in the 2025 Investing in African Mining Indaba convened under theme: “Future-proofing African Mining, today!”.

On Monday, 3 February, the Gauteng MEC for Health and Wellness, Nomantu Nkomo-Ralehoko, oversees the commencement of the single dose Human Papillomavirus (HPV) vaccination drive at Welizibuko Primary School in Klipspruit, Soweto.

From Monday, 3 February, the Government Communication and Information System (GCIS) will host pre-State of the Nation Address (SONA) outreach activities from in the Western Cape province. 

  • Day One: Monday, 3 February 
    11h00: Service delivery outreach, Guga S’thebe Arts Centre.
     
  • Day Two: Tuesday, 4 February 
    15h30: Western Cape Community Media consultative session, Khayelitsha Thusong Service centre.
     
  • Day Three: Wednesday, 5 February
    13h00: Oversight visit to Mitchells Plain Thuthuzela Care centre
    15h00: Community Radio Simulcast Broadcast panel discussion, Mitchells Plain Labour Centre.

On Tuesday, 4 February, the Deputy Minister of Communications and Digital Technologies, Mondli Gungubele, will visit and handover digital migration equipment to a gender-based violence victims shelter in Western Cape, Cape Town.

On Tuesday, 4 February, the Minister of Communications and Digital Technologies, Solly Malatsi, together with the Deputy Mayor of Cape Town, will launch of the SITA STEM Cyberlab in Lansdowne.

On Tuesday, 4 February, the North West Provincial Legislature Portfolio Committee on Economic Development, Environment, Conservation and Tourism, chaired by Mpho Khunou, will hold an oversight meeting with the Department of Economic Development, Environment, Conservation and Tourism, together North West Parks and Tourism Board, over delayed payment of salaries at the entity, and other concerning matters in different entities of the department.  

On Wednesday, 5 February, the Deputy Minister of Tourism, Maggie Sotyu, will host an Outreach Programme at the JL Zwane Memorial in Gugulethu - Western Cape Province - to share information on the department’s capacity and empowerment programmes with a view to encourage active and inclusive participation by the Youth, Women and Small Medium and Micro Enterprises (SMMEs) who seek to advance their career or business in the tourism sector.

On Thursday, 6 February, President Cyril Ramaphosa will deliver the State of the Nation Address in Parliament. 

Matona
Mon, 02/03/2025 - 15:33

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President convenes Cabinet Lekgotla

Location: News

President convenes Cabinet Lekgotla

President Cyril Ramaphosa has convened a Cabinet Lekgotla with leaders from all spheres of government - to review government’s progress on priorities, assess challenges and set the agenda for the seventh administration.

Addressing members of the media on the agenda of the two-day meeting, Minister in the Presidency, Khumbudzo Ntshavheni, said government was finalising the Medium-Term Development Plan (MTDP) 2024/2029.

The plan proposes three strategic priorities, which include inclusive growth and job creation; reducing poverty and tackling the high cost of living, as well as building a capable, ethical and developmental State.

“We are focusing on the practical actions that we need to take to make good on the promises that we have made and set practical timeframes so that we can realise the priorities of the MTDP.

“We also received a scene-setting report from National Treasury on the economic outlook and the global outlook -- trends that will inform government planning.

“We are looking at what we want to achieve in terms of reforms on global institutions, in particular the security system of the United Nations and global funding institutions,” the Minister said on Wednesday, on the sidelines of the Cabinet Lekgotla.

Other areas of focus include funding Small, Medium, and Micro Enterprises (SMMEs) and the “missing middle”, in reference to students whose household income is too high to qualify for National Student Financial Aid Scheme (NSFAS) funding, yet too low to afford tertiary education without financial assistance.

The Cabinet Lekgotla is taking place on 29 and 30 January 2025 at the Sefako Makgatho Presidential Guest House, in Pretoria. 

The outcomes of the meeting will shape government’s policies and programmes that will be announced by the President during his State of the Nation Address (SONA) in Parliament on Thursday, 6 February 2025, at 19:00. 

With the seventh administration being under the Government of National Unity (GNU), which comprises 10 political parties from across the spectrum, Ntshavheni emphasised that the meeting will prioritise the interests of the country.

“We are meeting as the GNU and we are not bringing party political interests. We are going to negotiate and discuss as members of Cabinet and representatives of provinces, which are represented by Premiers.

“We work for the best benefit of our country and not the best benefit of our parties. The engagements are on the level of us being members of the national executive,” Ntshavheni said.

South Africa’s term for the Group of Twenty (G20) presidency also features on the meeting’s agenda.

“As we are preparing to host the G20, we will receive a report on the logistics and the content on government goals for the summit,” the Minister said.

South Africa holds the G20 Presidency from 1 December 2024 to 30 November 2025, under the theme: “Solidarity, Equality, Sustainability” .

South Africa's G20 Presidency is the fourth consecutive emerging market Presidency, and it is also the first African Presidency, followed by the admission of the African Union (AU) as the second permanent African member. 

The G20 was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85% of global GDP and 75% of international trade. 

The G20 comprises 19 countries, including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom and the United States, and two regional bodies, namely the European Union and the African Union.

The grouping plays a critical role in influencing global policy making and fostering global economic stability. - SAnews.gov.za

 

nosihle
Wed, 01/29/2025 - 18:23

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Stepping up: Pupils to benefit from school shoes initiative 

Location: News

Stepping up: Pupils to benefit from school shoes initiative 

While it is often said that clothes make the man, a new, shiny pair of school shoes may do just the same for many school pupils, especially those that are underprivileged. 

Deputy Minister in the Presidency Kenny Morolong on Tuesday received 470 pairs of school shoes from Capital Centric, on behalf of the Government Communication and Information System (GCIS) which will be donated to needy learners.  

Capital Centric is a dynamic, unlisted public company, specializing in private equity investments. Guided by the philosophy of Kaizen, which,  according to its website, emphasizes continuous improvement, the company focuses on identifying opportunities and building long-term value for its stakeholders.

The Deputy Minister said he was humbled by the gesture as he received the shoes. 

“We are quite elated by the commitment demonstrated by the private sector. This donation will go a long way in helping kids who under normal circumstances would not be able to walk to schools with shoes,” a beaming Morolong said on Tuesday.

He stressed that by working together, the private sector, civil society and government can do more to fundamentally alter the circumstances under which people live.

“This collaboration will go a long way. We really wish to thank you for collaborating with GCIS to drive the programmes that impact our communities. I am speaking for these children who under normal circumstances would not be able to receive these shoes,” said the Deputy Minister.

Capital Centric Chief Executive Officer, Nathaniel Bricknell, said the company not only invests in small, medium, and micro enterprises (SMMEs) and enterprises that are profitable, scalable and sustainable, but also takes pride in playing a pivotal role in driving social impact within the sectors it serves.

“We are elated to hand over 470 pairs of school shoes to GCIS, to be distributed to schools and learners in need,” said Bricknell.

Bricknell explained that each pair of shoes tells its own unique story. This as the shoes are manufactured in South Africa and crafted from medical waste that might otherwise have ended up in landfills or have been destroyed.

Collaboration

“These shoes, made from plastic consumables that transitioned from saving life to creating opportunity, represent the very essence of transformation and sustainability.

“We believe in the power of collaboration to amplify impact. That’s why we have invited other corporates such as FNB and others we work with daily to participate in similar initiatives that drive positive change” Bricknell explained.

Bricknell thanked the GCIS for fostering a cooperative environment that enables the private sector to play an active role in uplifting communities.

“Together we are not just investing in the future of businesses but also in the future of our children, our communities and our country,” he said.

The company's Non-Executive Director, Pearl Munthali, said the entity appreciates the partnership with government.

“We are hoping to continue to partner with government changing the lives of those who are underprivileged in our country,” Munthali said.

The donation comes as schools across the country reopened for the 2025 academic year.
SAnews.gov.za
 

Edwin
Tue, 01/28/2025 - 20:55

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Trade, Industry and Competition unpacks Transformation Fund

Location: News

Trade, Industry and Competition unpacks Transformation Fund

The Department of Trade, Industry and Competition (the dtic) says the Transformation Fund is a critical initiative that advances South Africa’s constitutional commitment to economic redress and inclusive growth, which the dtic is bound by. 

Rooted in Section 9(2) of the Constitution, it aims to promote shared equality through legislative and other measures to empower black-owned enterprises and small, medium, and microenterprises (SMMEs).

The fund also reflects the statement of intent of the Government of National Unity (GNU), which emphasises fostering redress and inclusive economic growth. 

“The GNU’s transformative agenda seeks to dismantle systemic barriers to economic participation, ensuring that historically-disadvantaged communities are afforded equal opportunities to thrive in all sectors of society,” said the department.

In addition to advancing the constitutional imperative of economic redress, the fund is anchored in the Broad-Based Black Economic Empowerment (B-BBEE) Act, particularly Section 2(h), which obligates government to "increase the effective economic participation of black-owned and managed enterprises, including small, medium, and micro enterprises and cooperatives, and enhance their access to financial and non-financial support”.

The fund directly addresses these priorities while promoting greater compliance with B-BBEE requirements and unlocking opportunities for sustainable growth.

Aligned with the National Development Plan’s (NDP) Vision 2030 to eliminate poverty and reduce inequality, the fund supports Outcome 4: decent employment through inclusive economic growth.

It also reinforces the department’s Medium-Term Development Plan (MTDP) 2024–2029, which prioritises job creation and inclusive economic participation, as outlined in the revised Annual Performance Plans (APPs). 

The following include the objectives of the Transformation Fund:
- Promotes economic inclusion: Provides financial and non-financial support to black-owned enterprises, ensuring meaningful participation in the economy.
- Addresses fragmentation: Aggregates resources from existing Enterprise and Supplier Development (ESD) obligations and other sources to enhance impact and efficiency.
- Fosters sectoral growth: Focuses on high-impact sectors, including agriculture, tourism, ICT, manufacturing, and businesses in township and rural areas.
- Enhances market access: Offers technical assistance, pre- and post investment support, and market access opportunities to beneficiaries.
- Supports industrialisation: Aligns with South Africa’s industrial policy to stimulate growth in productive sectors and underdeveloped areas.

“The Transformation Fund is not about imposing new obligations but about ensuring that existing commitments under the B-BBEE legislation are strategically utilised to create meaningful economic transformation. It embodies our constitutional mandate to achieve equality and empower historically disadvantaged communities,” Minister of Trade, Industry, and Competition, Parks Tau, said.

As outlined in the department’s revised Annual Performance Plans (APPs), the fund’s conceptual framework will be opened for public consultation and stakeholder engagement with a target to mobilise R100 billion by 2029. 

“We welcome the ongoing debate on transformation and look forward to broad participation during the consultation process. This timeline underscores the dtic’s commitment to achieving sustainable and impactful transformation.”

He said the Transformation Fund was not merely a funding mechanism, “it is a catalyst for change”.

“Through collaboration with the private sector, civil society, and other stakeholders, we will create an economy that is inclusive, sustainable, and reflective of South Africa’s diversity.” – SAnews.gov.za

Janine
Sun, 01/26/2025 - 12:30

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Strides being made to reposition eThekwini

Location: News

Strides being made to reposition eThekwini

Stakeholders in the Presidential eThekwini Working Group (PeWG) have been working hard to rebuild eThekwini as well as reposition the city as an investment and tourism attraction.

Since its establishment in April 2024, the Working Group has recorded significant developments in service delivery, business confidence, addressing infrastructure and socio-economic challenges.

According to the Working Group’s progress report, business confidence in the city increased from 38.42% in the first quarter of 2024 to 63.01% in the third quarter of the same year.

To respond to the challenges of the municipality, President Cyril Ramaphosa established the eThekwini Presidential Working Group (PeWG) in April 2024. The Working Group was established to accelerate support from national and provincial government to rebuild the municipality.

The Working Group operates across three spheres of government and includes representatives from the private sector and labour.

While recently on a visit around the coastal city to assess the progress of the work by the Working Group, acting Government Spokesperson and Director-General of the Government Communication and Information System (GCIS), Nomonde Mnukwa, noted an improvement in cleanliness and the high visibility of law enforcement in the metro.

With the recent opening of the Durban Beach Café by the eThekwini Municipality, Mnukwa visited the beachfront, which is a tourist attraction.

“As government, we are working together with the private sector. We want to make sure that eThekwini is an area that attracts tourists, given that tourism is a major contributor to the economy and creates jobs for the locals.

“We are pleased with the renewal of the lease for the Southern Sun Hotel Group as it will see the redevelopment of the Elangeni and Maharani hotels for a period of 50 years. The redevelopment will enable the municipality to enhance the beachfront as a key tourism asset,” she said.

The redevelopment entails an estimated capital investment of R1 billion, including the refurbishment of the Elangeni and Maharani hotels, as well as the Garden Court South Beach and The Edward hotels which are also owned by Southern Sun.

In addition, a fund of R5 million will be made available to restore and maintain the Sunken Gardens, a historically significant park owned by the municipality on the beachfront, in front of the hotels.

“These interventions will ensure that eThekwini is a vibrant city,” she said.

The eThekwini Municipality has also appointed a developer for the long-term leasing and redevelopment of the Joe Cool’s building to further enhance the aesthetics of the beachfront.

With crime being one of the challenges that act as a deterrent to holidaymakers and drive away investors, the Metro Police is working with all law enforcement agencies, including the South African Police Service, Road Traffic Inspectorate, and private security companies, to maintain high visibility at all tourism sites and areas that have been identified as crime hotspots.

The Metro Police procured an additional 146 vehicles last October to bolster the municipality’s crime fighting and prevention efforts.

In addition, last December, 2 699 newly trained Constables graduated and were deployed to stations and units to bolster the South African Police Service (SAPS) crime combatting efforts. 

“The recent recruitment of new police officers and the work being done as part of Operation Shanela are contributing to efforts to keep citizens safe,” Mnukwa said.

Operation Shanela consists of regular stop and searches, roadblocks, vehicle check points, high visibility patrols including foot patrols, the tracing of wanted suspects with a focus on murder and rape suspects, compliance inspections at liquor outlets and second-hand goods dealers.

Upgrading dilapidated infrastructure  

During her visit to the city, Mnukwa visited the Durban Textile and Leather Incubator (DTLI), which was previously an unused building by the state. It has now been refurbished.

“The city is reviving a number of dilapidated buildings to ensure that the inner city is fully functional, safe and vibrant,” she said. 

DTLI Executive Director, Dr Poppet Pillay, said the building was very old and needed extensive renovation but it was perfectly located in the city centre close to public transport, making it accessible to Small, Medium, and Micro Enterprises (SMMEs) from anywhere in the province.

“The centre has 12 high-end sewing machines. Entrepreneurs have access to these machines at nominal charge. Seven entrepreneurs were sponsored to participate in the Manufacturing Indaba in July 2023 and 14 entrepreneurs were sponsored to attend the Durban Business Fair in September 2023, thus linking them to the market.

“One of the businesses, Eagle Eye, won the Best Youth SMME award valued at R50 000. Eagle Eye is currently selling branded products at the Edgars store in Gateway Umhlanga. Some of the entrepreneurs are already exporting their clothing brands internationally and one entrepreneur was invited to join the African Growth and Opportunity Act (AGOA) programme for leather production,” Pillay said.

Furthermore, two entrepreneurs were sponsored by the Pietermaritzburg Chamber of Commerce to attend the Bharath Textile Fair in India, last year April.

“We are so thrilled to see how our entrepreneurs have grown - not only as a business but also in terms of confidence and ability to market themselves,” she said.

The Incubator is the result of a partnership between the Small Enterprise Development Agency - Science and Technology Programme (SEDA STP) and eThekwini Municipality.

The business incubator supports and grows SMMEs within the Clothing, Textile, Footwear and Leather Sector in eThekwini and surrounding areas by nurturing a business from idea generation to start-up companies through a comprehensive business support programme.

“Besides the normal incubation programme, DTLI has partnered with the Durban University of Technology (DUT) Textile Science and Apparel Technology Dept to run a six-week Ideation Programme for their post-grad students,” Pillay said.

It has also collaborated with the Fibre Processing and Manufacturing Sector Education and Training Authority (FP&M SETA) to run a virtual workshop on Entrepreneurship and the Fourth Industrial Revolution (4IR) for 152 SMMEs in the sector.

The incubator has a cohort of 54 SMMEs and provides a range of services that includes technology transfer and access to specialized machines, access to markets, access to funding and financial management, compliance and legal, productivity and business processes. - SAnews.gov.za

nosihle
Fri, 01/17/2025 - 13:54

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Read moreStrides being made to reposition eThekwini

Preferred bidders chosen for renewable energy bid windows

Location: News

Preferred bidders chosen for renewable energy bid windows

Eight solar PV projects – with a combined contracted capacity of some 1 760MW – have been appointed as preferred bidders under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Bid Window 7.

A further eight projects have also been appointed through the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) Bid Window 2.

REIPPPP Bid Window 7

The Department of Electricity and Energy on Monday said the eight solar projects were appointed from a pool of some 48 bid responses.

“Total investments from the eight Solar PV Preferred Bidders in this Bid Window is R31.4 billion. South African Equity Participation of 49% across all the Preferred Bidders and average Black Economic Empowerment participation of 46% have been committed in this Bid Window,” the department said.

Some 6 971 job opportunities – measured in job years – are expected to be created through the projects.

“These projects will allocate 38.8% of their total project costs to local content, equating to R7.8 billion during construction and R2.4 billion during the operation and maintenance phases.

“The preferred bidders have also undertaken to invest R3 billion in Black Enterprise Procurement, R2 billion in B-BBEE Procurement on Qualifying Small Enterprises (QSEs) and Exempt Micro Enterprises (EMEs), and an additional R333 million in B-BBEE Procurement, specifically for black women. 

“Furthermore, the preferred bidders have undertaken to spend a total of R73 million in Enterprise Development, R129 million in Socio-Economic Development, and R138 million in Skills Development initiatives over the lifetime of the projects,” the department said.

BESIPPPP Bid Window 2

The department said it received 31 bid responses for BESIPPPP Bid Window 2, with the eight chosen bidders coming with a combined total investment of some R12.8 billion.

“The eight preferred bidders have committed to 41% black shareholding in the IPP Project Companies, up to 27% shareholding by construction contractors, and up to 36% in operations contractors. 

“The preferred bidders have committed to creating a total of 1 570 job opportunities for RSA citizens – measured in job years – during construction and operations. 

“These projects will allocate 31% of their total project costs to local content, equating to R2.6 billion during construction and R2.5 billion during the operation and maintenance phases,” the department said.

A further R1.8 billion will be invested in Black Enterprise Procurement, R1.4 billion in B-BBEE Procurement on Qualifying Small Enterprises and Exempt Micro Enterprises, and an additional R659 million in B-BBEE Procurement, specifically for black women.

“The preferred bidders have also committed to spend R316 million on supplier development, skills development, bursaries for black students, skills development for black disabled people, and socio-economic development initiatives over the lifetime of the projects,” the department concluded. – SAnews.gov.za

NeoB
Mon, 12/23/2024 - 13:08

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Read morePreferred bidders chosen for renewable energy bid windows

Communities urged to refrain from illegal registration of spaza shops

Location: News

Communities urged to refrain from illegal registration of spaza shops

Deputy President Paul Mashatile has called on locals to refrain from registering spaza shops for illegal immigrants, which is considered an unlawful activity.

“We have realised [there is] a tendency where some of South Africans were seen to try to register, but not for themselves to operate. They are registering for illegal immigrants. It’s an illegal activity that authorities must tackle,” Deputy President Mashatile said on Thursday. 

The country’s second-in-command was responding to questions in the National Council of Provinces (NCOP) on a range of national and international issues of public importance. 

He emphasised the importance of South Africans owning spaza shops and addressed the issue of some South Africans registering businesses for illegal immigrants. 

“I call upon communities to refrain from illegal registration of the spaza shops. We all have a responsibility to ensure the safety and wellbeing of our communities, and particularly our children.”

His address underscored the need for compliance with regulations to ensure legitimate business operations in light of the incidents of foodborne illness facing the country, with over 890 cases and about close to 30 deaths since September.

In October this year, six primary school children from Naledi, Soweto, died after allegedly eating snacks from a foreign-owned local spaza shop. 

Forensic tests have revealed that they were killed by a highly toxic organophosphate called terbufos.

“There is no suffering like losing a child. As government, we condemn in the strongest of terms, the irresponsible acts that have led to the loss of lives due to food-contamination cases affecting mainly children in recent weeks.” 

The Deputy President stressed that foreigners who are in South Africa legally should be allowed to operate businesses, provided they meet certain criteria, such as providing a sufficient threshold of funds to the authorities.

President Cyril Ramaphosa addressed the nation recently to outline measures to address the incidents of foodborne illnesses. The measures include, among others, requiring municipalities to register all spaza shops and food-handling facilities within 21 days. 

The Deputy President said this will go a long way towards enforcing the legal status of the spaza shops that are pivotal for township economies. 

“We have a duty not only to provide a legal framework but also to mainstream this into the broader economy.” 

Meanwhile, he told the Members of Parliament (MPs) that the Department of Small Business Development was implementing measures to support small businesses to adhere to health and safety regulations. 

These include offering grants and loans to improve business infrastructure, customising training programs for food handling, hygiene, and safety standards, and training shop owners to verify product authenticity through serial numbers, and packaging. 

In addition, the Minister of Small Business Development has established a task force to coordinate and align programmes for the township economy. 

He stated that this will ensure the eradication of counterfeit goods and the development of new initiatives to support township and rural entrepreneurs and small, medium, and micro enterprises (SMMEs). 

A joint fund of R500 million to support township and rural businesses has been established by the Department of Trade, Industry and Competition. 

“The funding will be used for business refurbishment and non-financial support such as technical skills, regulatory compliance, and capacity building.” 

Meanwhile, the Department of Health is part of joint operations that are being conducted throughout the country as a monitoring mechanism for compliance of suppliers.

“Any premises found to be non-compliant are closed, and illicit products found are confiscated. 

“In the short term, we will establish Provincial Inspection Teams, and increase investment in the awareness campaigns, product authentication, supplier vetting, and reporting mechanisms.” 

In the meantime, he said government was working around the clock to improve supply chain visibility and monitoring to prevent counterfeit goods from entering the value chain and foster relationships with reputable suppliers to ensure genuine products. 

“In the long term, government will review and strengthen laws such as the Business Act and Business Licensing Bill to control business operations, govern counterfeiting, and increase penalties for offenders.” 

He also assured his colleagues that government was tackling foodborne incidences and unregistered spaza shops through the National Joint Operations and Intelligence Structure (NATJOINTS), which is a multi-sectoral intervention plan. 

“The plan includes training spaza shop owners on food trading legislation, registration processes, and sourcing safe products from health-certified suppliers.  

“Most importantly, we urge local communities to report suspicious activities and promote awareness to Environmental Health Officers of their local municipalities.” – SAnews.gov.za

 

Gabisile
Fri, 12/06/2024 - 09:44

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SA’s MSME celebrated for their resilience and job-creation efforts

Location: News

SA’s MSME celebrated for their resilience and job-creation efforts

In a room alive with entrepreneurial energy and determination, South Africa's Micro, Small, and Medium Enterprises (MSMEs) were celebrated for their resilience and job-creation efforts at the Presidential MSMEs and Cooperatives Awards. 

Hosted by the Department of Small Business Development, the awards aim to spotlight and reward South Africa’s top-performing MSMEs, cooperatives, and ecosystem enablers driving growth and transformation. 

The Minister of Small Business Development, Stella Ndabeni-Abrahams, led the event at the Gallagher Convention Centre in Midrand, with President Cyril Ramaphosa delivering the keynote address. 

The ceremony honoured businesses that embody innovation, commitment to local development, and entrepreneurial spirit. 

Two Lifetime Achievement Awards were presented to business icons Dr. Mike Nkuna, the founder and Executive Chairman of the Masingita Group of Companies, and Dr. Gloria Serobe, the co-founder of Women Investment Portfolio Holdings (Wiphold) and Chancellor of the Tshwane University of Technology. 

Arion Power, a start-up founded by three young entrepreneurs, Brian Gadisi, Alan Gie, and Themba Hadebe, emerged as a major winner. 

Their product, WiBox, a mini-UPS that powers routers during outages, has earned them two prestigious awards -- Youth-led MSME of the Year and MSME of the Year. 

Speaking to SAnews, Gadisi expressed pride in their achievement. 

“This award reassures the hard work we've put into research and development, the sleepless nights, and our efforts to crack technology often dominated by the East and West. It shows that Africa has the capability to innovate on par with global leaders,” he said. 

Another standout was Kedibone Segole, the 30-year-old founder of Moipone Aesthetics, a black-owned township start-up based in Mabopane, Pretoria. Her company, which manufactures high-quality natural personal care products, won the Township MSME of the Year award and a cash prize of R200 000. 

Speaking to SAnews, Segole encouraged aspiring entrepreneurs to start small and stay persistent. 

“What I would like to say to young and upcoming entrepreneurs, along with unemployed graduates and youth, start something, work on it and believe in it. Push. Your breakthrough will come. Whatever you have, the little you have, use it. It can make you reach boundaries that you have never even imagined. 

Segole said winning the award means that they are recognised, acknowledged and important. 

“The President acknowledges our efforts, and he believes in the strides that we are making in an effort to come out of poverty, unemployment and the social ills we are affected by in the townships. It's in our hands. Vuk' uzenzele (get up and do it for yourself)!” she said. 

Segole revealed her business journey began with just R600 from a UIF payout after losing her job in 2016. With support from stakeholders like the National Youth Development Agency (NYDA) and Innovation Hub, her perseverance has transformed her business into a success story. 

“I was fortunate enough that along the way there has been government assistance from the NYDA, as well and the Innovation Hub, among other stakeholders. As a started, I used the little that I had and look where it has gotten me today,” she said. 

Another inspiring recipient was Dimakatso Kanyane, the 32-year-old founder of Dillets Sanitary Towels. Her innovative product, designed for African women, won the Start-up Business of the Year Award. 

Motivated by her own experience with her cycle, Kanyane developed a product that addresses a critical need. 

Kanyane told SAnews that the award was a full circle moment for her. 

“This award affirms a lot of things, that no matter how hard the journey is, with authenticity and perseverance, you can overcome any obstacle. To those who are aspiring to be on this journey -- stay ambitious, trust and believe that perseverance will lead you to the fulfilment of your dreams. 

“I used to have heavy flows and severe period pains and there wasn’t a sanitary towel that catered to my specific needs. It was this search that eventually led me to the development of Dillets Sanitary Towels, a sanitary towel designed for African women by an African woman,” she said. 

The Presidential MSMEs and Cooperatives Awards underscore the vital role of small businesses in driving economic growth, fostering innovation, and creating sustainable opportunities across South Africa. – SAnews.gov.za

DikelediM
Sat, 11/23/2024 - 00:26

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President Ramaphosa calls on financial institutions to make money available for businesses

Location: News

President Ramaphosa calls on financial institutions to make money available for businesses

President Cyril Ramaphosa has used his address at the Presidential Micro, Small and Medium Enterprises and Cooperatives Awards to call on banks to make money available for businesses. 

Speaking at the awards held at the Gallagher Convention Centre in Gauteng on Friday, the President emphasised that with interest rates declining, this is an opportune time to make funding more accessible to drive economic growth. 

“As interest rates are coming down and are bound to come down even further, this is the time to make finance available within obviously the various consideration that you have to take into account. 

“This is the time to make finance available and pump energy and life into our economy because when small and medium enterprises are given enabling energy by our financial institutions... they will be able to run businesses to be creative, to create jobs and our economy can grow.

“I call on the banks and financial institutes to make money available so that our businesses can grow,” the President said. 

Hosted by the Department of Small Business Development, the Presidential Micro, Small and Medium Enterprises (MSMEs) and Cooperatives Awards are aimed at highlighting and rewarding the achievements of South Africa’s top-performing MSMEs, cooperatives, and ecosystem enablers who drive growth and transformation across the nation.

The ceremony honoured businesses that embody innovation, commitment to local development and entrepreneurial spirit. 

The President also took a moment to address the recent spate of foodborne illnesses that have been linked to spaza shops and informal traders in townships. He said this has thrown into sharp focus the issues of regulation, health and safety. 

At the same time, he said the issue has highlighted the critical role small businesses play in communities, providing much-needed services and supporting local economies. 

“That is why it is so important to bring small businesses into the mainstream of the economy, and that we provide the necessary support for them to do this. 

“International experience shows that MSMEs are drivers of sustainable growth. Countries with more MSMEs tend to have lower levels of inequality. Entrepreneurs are the drivers of innovation,” he said. 

However, the President acknowledged that rates of entrepreneurship in South Africa are low by continental standards. 

He told entrepreneurs and delegates at the awards that it is essential that they encourage entrepreneurship. 

“It is vital that we enable the emergence and growth of MSMEs and cooperatives. We must focus on targeted interventions to address financial exclusion and onerous regulatory requirements.

“We must provide access to funding, capacity building and other support. The success of the finalists here this evening shows that with the right support, small businesses can succeed, expand and be sustainable,” the President said. 

The President said that the Government of National unity has made inclusive growth and job creation its apex priority, and supporting small enterprises is an integral part of these efforts.

President Ramaphosa said the National Planning Commission estimates that the country needs 5.8 million MSMEs to meet job creation targets. 

The President said that this means there is a need to double the number of MSMEs in the country. 

“We are encouraged by the efforts underway to capacitate the sector. One of these is the merging of SEFA [Small Enterprise Finance Agency], SEDA [Small Enterprise Development Agency] and the Cooperatives Bank Development Agency into the newly-formed Small Enterprise Development Finance Agency.

“Of the R730 million disbursed by the new agency to date, R101 million has gone to township enterprises and R261 million to rural enterprises,” he said. 

The Small Enterprise Development Finance Agency has also provided non-financial business support to more than 15 000 township and rural enterprises. 

The President said that legislation is in the pipeline to streamline business licensing. 

An e-registration system that integrates the work of the South African Revenue Service and the Companies and Intellectual Property Commission (CIPC) is under development. 

“If we are to fully unlock entrepreneurial potential, there must be a razor-sharp focus on start-up growth, especially in the burgeoning tech sector. We must ensure that we are not left behind in the global transition to knowledge and innovation-based economies. 

“As part of this, we must scale up the adoption of advances like mobile payments and digitised record-keeping by small businesses,” he said. 

President Ramaphosa said he was encouraged by the work of the Department of Small Business Development and the Department of Science and Innovation around a national start-up policy.

Among other things, this policy will deal with issues such as intellectual property registration and foreign exchange controls.

“Even as this is all work in progress, we recognise the urgency with which we must scale up support for small businesses in South Africa. They are the driving force of our economy.

“The finalists and recipients of this year’s awards are a shining example of what can be achieved. Allow me to congratulate all the winners and runners-up. You have done well. You are a fine example to other South Africans who want to follow their entrepreneurial dreams,” the President said. 

The President also took a moment to thank the organisers of the awards, the generous sponsors and the millions of entrepreneurs who make the country work and the economy grow. 

“These are the micro, small and medium enterprises and cooperatives that create livelihoods and jobs. They provide communities with vital services. They create value that goes far beyond turnover or profit.

“They contribute in a million different ways to building a more equal, more prosperous and more productive society. These awards are a celebration of all the entrepreneurs in a country. It is a token of our gratitude and admiration,” the President said. – SAnews.gov.za

DikelediM
Fri, 11/22/2024 - 23:01

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Read morePresident Ramaphosa calls on financial institutions to make money available for businesses

President Ramaphosa to Officiate National Presidential Micro, Small and Medium Enterprises & Cooperative Awards

Location: News

The Presidency of the Republic of South Africa
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President Cyril Ramaphosa will on Friday, 22 November 2024 address the National Presidential MSME & Cooperatives Awards ceremony at Gallagher Convention Centre, Midrand.

This premier event is dedicated to recognising outstanding Micro, Small and Medium Enterprises (MSMEs) and Cooperatives and is hosted by the Department of Small Business Development (DSBD).

The awards aim to spotlight and reward the achievements of South Africa's top-performing MSMEs, Cooperatives, and ecosystem enablers who drive growth and transformation across the nation.

This ceremony will honour businesses that embody innovation, commitment to local development, and entrepreneurial spirit. The selected finalists have advanced through rigorous district and provincial pitches and demonstrated their excellence and resilience across various categories.

This year's finalists are an eclectic group of companies that span various key sectors of the economy in both the formal and informal businesses. These small businesses have also shown a lot of creativity, ingenuity, and resilience in penetrating sectors that are normally hard to enter.

Categories for this year's MSME Awards include, but not limited to:
- Youth-Led MSME of the Year
- Township SMME of the Year
- Women-led SMME of the Year
- MSMEs Owned by Persons with Disabilities of the Year
- Cooperative of the Year
- Best Employing Cooperative of the Year
- Best Performing Rural Community-Based Initiative of the Year
- Best Performing Urban (Township) Community-Based Initiative of the Year

Small Businesses are a strategic tool for economic transformation, inclusive economic growth and job creation in South Africa. This celebration is a testament to the remarkable achievements of MSMEs and cooperatives, which have shown resilience and adaptability, particularly in challenging economic conditions.

The 2024 National Presidential MSME & Cooperatives Awards ceremony will take place during Global Entrepreneurship Week (GEW), an initiative celebrated in over 200 countries to inspire and empower entrepreneurs around the world.

GEW highlights innovative solutions and resilient businesses that shape economies and enrich societies, resonating with the core values of the National Presidential MSME & Cooperatives Awards.

President Cyril Ramaphosa will officiate the award hand out ceremony to the winners, underscoring the importance of MSME development in advancing South Africa's broader economic goals.

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

Read morePresident Ramaphosa to Officiate National Presidential Micro, Small and Medium Enterprises & Cooperative Awards

President Ramaphosa to officiate National Presidential MSME and Cooperative Awards

Location: News

President Ramaphosa to officiate National Presidential MSME and Cooperative Awards

The importance of Micro, Small and Medium Enterprises (MSMEs) and cooperatives’ development in advancing South Africa’s broader economic goals will come in to focus at the National Presidential MSME and Cooperatives Awards on Friday.

President Cyril Ramaphosa is expected to address the awards ceremony at Gallagher Convention Centre, in Midrand. 

This premier event, hosted by the Department of Small Business Development, is dedicated to recognising outstanding Micro, Small and Medium Enterprises (MSMEs) and cooperatives. 

The awards aim to reward the achievements of South Africa’s top-performing MSMEs, cooperatives, and ecosystem enablers who drive growth and transformation across the nation.

“This ceremony will honour businesses that embody innovation, commitment to local development, and entrepreneurial spirit.

The selected finalists have advanced through rigorous district and provincial pitches and demonstrated their excellence and resilience across various categories.

“This year’s finalists are an eclectic group of companies that span various key sectors of the economy in both the formal and informal businesses. These small businesses have also shown a lot of creativity, ingenuity, and resilience in penetrating sectors that are normally hard to enter,” the Presidency said in a statement.

Categories for this year’s MSME Awards include, but not limited to: 
- Youth-Led MSME of the Year
- Township SMME of the Year
- Women-led SMME of the Year
- MSMEs Owned by Persons with Disabilities of the Year
- Cooperative of the Year
- Best Employing Cooperative of the Year
- Best Performing Rural Community-Based Initiative of the Year
- Best Performing Urban (Township) Community-Based Initiative of the Year 

“Small Businesses are a strategic tool for economic transformation, inclusive economic growth and job creation in South Africa. This celebration is a testament to the remarkable achievements of MSMEs and cooperatives, which have shown resilience and adaptability, particularly in challenging economic conditions,” the Presidency said.

The 2024 National Presidential MSME and Cooperatives Awards ceremony takes place during Global Entrepreneurship Week, an initiative celebrated in over 200 countries to inspire and empower entrepreneurs around the world. 

Global Entrepreneurship Week highlights innovative solutions and resilient businesses that shape economies and enrich societies, resonating with the core values of the National Presidential MSME and Cooperatives Awards. – SAnews.gov.za

DikelediM
Thu, 11/21/2024 - 10:38

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Read morePresident Ramaphosa to officiate National Presidential MSME and Cooperative Awards

Mashatile to address Knysna Regional 2024 Investment Conference

Location: News

Mashatile to address Knysna Regional 2024 Investment Conference

Deputy President Paul Mashatile is expected to attend and deliver the keynote address at the Knysna Regional 2024 Investment Conference in the Western Cape on Friday.

The Knysna Regional 2024 Investment Conference is organised through a partnership between government, the private sector as well as civil society. 

The theme of this year’s gathering is “Investments through Skills and Capacity building in the broader region”.

The initiative, led by partners that include the Greater Knysna Business Chamber, the Garden Route District Municipality, the Yona Yethu initiative, and the Knysna Local Municipality, is aimed at promoting Knysna as an attractive investment destination in the Western Cape and South Africa.

According to the Presidency, the conference will be attended by delegates from various industries in tourism, telecommunication, logistics, finance, and the food and beverage sectors. 

The gathering will zoom into the Economic Development and Opportunities for Small, Medium and Micro Enterprises (SMMEs), which the Presidency said is a critical force in addressing economic challenges such as poverty and unemployment. 
The attendees will talk about investment promotion aimed at attracting both domestic and foreign direct investment vital for stimulating the local economy, and skills development and training.

They will also touch on meaningful networking and collaboration opportunities to support SMME growth and investment initiatives. The gathering will also highlight investment in key economic sectors promoting sustainable development and addressing critical economic drivers.

“Government continues to champion partnership with the private sector, labour and civil society in tackling some of the most immediate challenges facing the South African economy,” the statement read. 

Deputy President Mashatile will, amongst other government-led investment drives, update the conference on Operation Vulindlela, a joint initiative led by the Presidency and National Treasury to accelerate the implementation of structural reforms and support for economic recovery.

Through this initiative, the Presidency stated that government aims to modernise and transform network and infrastructure industries, including electricity, water, transport and digital communications to improve the living conditions of the people.

Deputy President Mashatile will be accompanied by the Deputy Minister of Higher Education, Dr Mimmy Gondwe, Deputy Minister of Finance Ashor Sarupen and the Deputy Minister of Forestry, Fisheries and the Environment Narend Singh. 

In attendance will also be the Garden Route District Municipality Executive Mayor Andrew Stroebel and Knysna Local Municipality Executive Mayor Aubrey Ndoda Tsengwa. – SAnews.gov.za
 

 

Gabisile
Thu, 11/14/2024 - 13:07

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Lower uMkhomazi Water Scheme project achieves over 60% completion

Location: News

Lower uMkhomazi Water Scheme project achieves over 60% completion

Water and Sanitation Minister, Pemmy Majodina, has expressed strong optimism about the substantial progress made on the Lower uMkhomazi Water Scheme project, which is aimed at ensuring water security in KwaZulu-Natal.

The project valued at over R20 billion is expected to improve water supply to approximately 50 000 households across the eThekwini and Ugu Municipal Districts along KwaZulu-Natal's South Coast. The project has to date achieved over 60% completion.

"This progress is a testament to the commitment and expertise of the appointed contractors and our entity, uMngeni-uThukela Water. The project is set to tackle longstanding water challenges for South Coast residents and secure reliable water resources for years to come," the Minister said.

Majodina, together with her Deputy Minister, Sello Seitlholo, as well as uMngeni-uThukela Water Board members conducted an on-site progress review of the bulk water project on Thursday.

The Lower uMkhomazi Bulk Water Supply project is implemented by water utility, uMngeni-uThukela Water, and will augment water supply within eThekwini Metropolitan Municipality (Ward 99) and uMdoni Local Municipality (Ward 18).

This large-scale project, which was previously hindered by delays, has gained renewed momentum as a result of the Ministry of Water and Sanitation’s proactive involvement and determination.

The Minister and Deputy Minister also conducted an oversight inspection of a construction site of the Ngwadini off-channel storage dam which is expected to be completed by December 2027.

The bulk water scheme is crucial to KwaZulu-Natal’s water resilience and includes two phases.

Phase 1 will focus on raw water components, including the Ngwadini and Goodenough Systems, while Phase 2 will deliver potable water infrastructure.

This infrastructure will feature a 100Ml/day water treatment facility, gravity pipelines, expanded reservoir capacity, and a Green Star Administration Building.

The Minister said that the overall implementation of the project signifies transformative progress toward addressing water shortages that have impacted the region since 2016.

Upon completion, the uMngeni Water Supply System will increase its annual freshwater capacity from 394-million to 608-million cubic meters, securing sustainable water resources for more than 5 million people across six districts, including eThekwini, Msunduzi, uMgungundlovu, Ugu, Ilembe, and Harry Gwala.

The project has helped to create temporary employment opportunities for over 380 locals and more than 100 small, medium, and micro enterprises (SMMEs) have participated in the project to date.

Meanwhile, Majodina reiterated that the department’s commitment to effectively implement bulk water projects across the country, to ensure equitable water supply for all and water security to communities experiencing water supply challenges. -SAnews.gov.za
 

nosihle
Fri, 11/08/2024 - 09:19

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Hazelmere Dam to improve water supply in KZN North Coast

Location: News

Hazelmere Dam to improve water supply in KZN North Coast

Water and Sanitation Minister, Pemmy Majodina, has emphasised the important role the eThekwini Metro, iLembe and KwaDakuza Municipalities in the North Coast have to play in order to ensure the reticulation of water to households.

This follows the commissioning of the world’s highest piano key weir dam, Hazelmere Dam, to improve water supply in the three municipalities.

Majodina commissioned the world’s highest piano key weir [a low dam built across a river to raise the level of water upstream or regulate its flow] dam located in the Mdloti River, KwaZulu-Natal, on Friday.

A piano key weir is a nonlinear, labyrinth-type weir well suited for rehabilitation projects due to a relatively small footprint and the ability to pass large discharge for lesser upstream-head values when compared with other weird types. 

The commissioning of the state-of-the-art dam comes after the Department of Water and Sanitation (DWS) successfully completed a project to raise the dam wall by seven metres to increase storage capacity, and to augment water supply to areas including Verulam, Groutville, Blythedale and Ballito.

Speaking during a community engagement, Majodina emphasised the important role that municipalities have to play in order to ensure the reticulation of water to households.

“The Department of Water and Sanitation upgraded the Hazelmere Dam wall to meet the needs of the increasing population in the North Coast, as it is our role to ensure bulk water supply. The concerned municipalities should now roll up their sleeves to ensure that water is directed to households,” Majodina said.  

The North Coast of KwaZulu-Natal has experienced rapid growth in recent years, especially in the housing sector, which resulted in an increased demand for potable water.

Majodina said Hazelmere Dam forms part of the country’s state-of-the-art dams.

“Hazelmere Dam can now be measured against world class standards due the type of spillway selection, technology and innovation used in implementing the project.”

The raising of the dam wall will address water challenges in some parts of the three municipalities.

The project scope of the work includes the raising of the dam wall by  seven metres (from 86m to 93.00m); the construction of and retrofitting a piano key weir (PKW) onto an existing dam spillway structure; the installation of 83 rock anchors, as well as foundation grouting and other minor related works.

The dam has an uncontrolled PKW spillway. This was done to ensure that the dam wall withstands extreme concentration of floods of between six and eight hours for the dam catchment area.  

Some of the employed technologies undertaken to upgrade the dam wall include the world’s highest piano key weir; the world’s largest anchors were installed to improve stability of the concrete gravity dam wall structure, and the largest capacity post-tensioning stressing jacks were deployed during construction.

The technologies employed also included the use of innovative data management software for real-time monitoring of anchor performance and 3D digital crack meters.  

The department said the upgrading of the wall assisted with the creation of employment opportunities for 187 locals, including 16 women and 53 young people.

“The total number of small, micro and medium enterprises (SMMEs) appointed were 11, with two women-owned. In addition, the successful training of 14 engineers took place during the project, with some subsequently obtaining professional registration, marking a significant achievement in capacity building,” the department said. – SAnews.gov.za

 

GabiK
Mon, 10/28/2024 - 11:33

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BRICS economic potential must be realised – President Ramaphosa

Location: News

BRICS economic potential must be realised - President Ramaphosa

By Neo Bodumela

Kazan, Russia: President Cyril Ramaphosa has called on the BRICS bloc of countries to ensure that the potential of the bloc’s economic partnership is realised for the benefit of all the members.

He was delivering South Africa’s country statement during the 16th BRICS Summit currently underway in Kazan, Russia.

The leaders of Brazil, China, Egypt, Ethiopia, India, Iran, Russia, South Africa and the United Arab Emirates are meeting for the first time since new members were invited to join BRICS during the Johannesburg II BRICS Summit of 23 August 2023.

Together, the powerful bloc of countries holds around 35% of the global Gross Domestic Product (GDP) and 20% of world exports.

“Our story is a story of solidarity, mutual respect and mutual benefit. BRICS is an inclusive formation that has the ability to change the trajectory of the Global South.

“To do this, we must realise the full potential of our economic partnership to ensure sustainable development for all. We must undertake bold steps towards a mutual, shared and equitable prosperity,” the President said on Wednesday.

The President explained that in order for the BRICS Strategy for Economic Partnership 2025 to be achieved, the bloc must “explore pathways to unlock opportunities and address challenges confronted by micro, small and medium-sized enterprises in BRICS countries”.

“We must intensify cooperation among BRICS members by launching common development programmes in the fields of exports, industrial cooperation and technology exchange. We have called for the recalibration of trade rules to enable industrialisation.

“We must enhance beneficiation of mineral endowments of BRICS countries closest to source. This is important for development and for the advancement of our decarbonisation goals,” he said.

Going further on the point of decarbonisation and its twin issue in climate change, President Ramaphosa warned that the two issues have the potential to “deepen global inequality”.

“We must acknowledge the devastating impact on lives and livelihoods of our current climate trajectory. As South Africa, we remain committed to a just transition to a low carbon economy.

“We are committed to the reduction of global emissions, guided by the principle of common but differentiated responsibilities and respective capabilities. While countries with developing economies remain severely impacted by climate change, they have contributed the least to the current climate crisis.

“It is therefore vital that industrialised nations honour their climate commitments and ensure a just and equitable transition. It is essential that climate actions do not deepen global inequality or stifle the developmental aspirations of the Global South,” President Ramaphosa said.

The Summit continues. – SAnews.gov.za

 

NeoB
Wed, 10/23/2024 - 13:35

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Policy frameworks bear fruit 

Location: News

Policy frameworks bear fruit 

Trade, Industry and Competition Minister Parks Tau says through the Automotive Production and Development Programme (APDP), the dtic has provided critical incentives and policy frameworks to help drive investment, innovation and job creation.

Tau was speaking at the South Africa Auto-Week in Cape Town recently.

According to Tau, this has enabled South Africa to remain competitive on the global stage. 

He said since its inception in 2011, the Automotive Investment Scheme (AIS) disbursed R20.7 billion to component manufacturers (CMs) and original equipment manufacturers (OEMs).

“AIS funding to over 150 projects has resulted in investment of over R76 billion from the 2016/17 financial year to September 2024, generating a simple investment multiplier of five. 

“This means that for every R1 of incentive spending, R5 of investment was spent by the project. Over this period, the average grant disbursed was 20% of the total investment generated by the project,” Tau explained.

On transforming the sector, the Minister said out of the R15.2 billion disbursed from the AIS, 50% was payments to projects outside of the five main metros showing the substantial reach of AIS to generate spatial transformation.

“In terms of ownership, R227 million, which is 1% of AIS funding, was accessed by black-owned projects; 2%, amounting to R242 million, was accessed by small, medium and micro enterprises; R3 million by youth-owned, and R7.9 million by women-owned projects. This shows that a more deliberate approach to transformation is required in the sector. We are, however, aware that we can do more.”

Tau said the recent announcement of the extended APDP Phase 2 until 2035 is a clear signal of government's long-term commitment to the sector.

Resolving the logistics challenge

Speaking as a panel member on infrastructure investment at the same event, the Deputy Minister of Trade, Industry and Competition, Andrew Whitfield, said the Statement of Intent of the 2024 Government of National Unity (GNU) listed infrastructure development as a key priority.

“The fact that we have the Presidential National Logistics Crisis Committee (NLCC), established by the South African government to address the country's transport and logistics, indicates and recognises that we have a crisis of infrastructure in the country. 

“South Africa has the skills and talent to resolve these challenges, but the skills and talent cannot exist in silos. We all need to work together to unlock these challenges,” Whitfield said.

Whitfield said the dtic’s core mission, through the GNU, is going to make it easier for businesses to grow so that they can create jobs and that people can keep those jobs. 

“We also need to heed President Ramaphosa’s instruction to cut red tape and produce key performance indicators that will drive the plan to make it easier for businesses to do business, grow and create jobs,” he said.

Whitfield said there is nothing more urgent than the unemployment crisis that South Africa faces, and that there is an urgent need towards unlocking the infrastructure potential that the country has. – SAnews.gov.za

Edwin
Wed, 10/23/2024 - 14:04

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North West government to take service delivery programmes to communities

Location: News

North West government to take service delivery programmes to communities

The North West Provincial Government will provide services to residents of several municipalities on Friday, 18 October 2024, as part of its Accelerated Service Delivery Programme – Thuntsha Lerole Reloaded.

Communities that are expected to benefit tomorrow include Manamakgoteng, Modderkuil, Mabele-a-pudi, Ledig, Mogwase, Segakwaneng in Moses Kotane Local Municipality and others that fall under Moses Kotane Local Municipality and Bojanala Platinum District Municipality. 

According to the provincial government, this all-encompassing service delivery programme will be led by Premier Lazarus Mokgosi. 

He will be joined by MECs for different provincial departments, the local and district municipalities’ Executive Mayors, and the local traditional and Khoi-San leadership. 

Tomorrow’s programme will include the handing over of school furniture, comprising 160 chairs and 80 tables, as well as five chairs and tables for teachers, at Okomelang Primary School in Sandfontein, near Mogwase. 

In keeping with the Department of Social Development’s undertaking to support and strengthen the qualifying non-profit organisations’ capability to provide services to the needy, three non-profit organisations, namely Lesedi Modderkuil Home Based Care, Arise and Shine and Ithuso Disability Community Centre, will each receive a dummy cheque worth over R500 000. 

The Rooikraal brick-making company, located in Rooikraal village, near Mogwase, will be presented with a voucher to confirm that their products meet the requirements set by the South African Bureau of Standards (SABS). 

This, the provincial government said, is part of the provincial government’s small, medium and micro enterprises (SMMEs) product development programme that seeks to promote compliance with industry standards. 

In addition, two more local female farmers will be given bulls in line with the provincial government’s broader strategy to empower women in agriculture. 

A crop farmer from Legogelo village will receive bags of sunflower seeds and diesel as part of the Department of Agriculture and Rural Development’s Crop Massification Programme. 

Vegetable seedlings and garden tools will also be handed over to Modderkuil Clinic and Lesedi Modderkuil Edu Care. 

Also, three completed RDP houses will be handed over to beneficiaries from Mabele-a-pudi village, while 10 title deeds will be handed over to beneficiaries from Madikwe. 

Some of the public services to be delivered as constant features of the Thuntsha Lerole Reloaded programme include compliance inspection of local tuck shops and taverns, patching of potholes and blading of identified gravel roads. 

The team will also provide consumer education, mass registration of the indigent, registration for social support services, and registration and updating of local business details on the Central Supplier Database (CSD). 

They will do health screening, clearing of illegal dump sites, agricultural advisory services and handing over of sports equipment and attire to identified local sporting teams. 

The North West Provincial Government is also expected to roll out similar programmes to other district municipalities in the coming weeks. – SAnews.gov.za

Gabisile
Thu, 10/17/2024 - 12:23

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Empowering Africa’s Energy Future With Advanced Power Solutions

Location: Business
HIMOINSA

HIMOINSA (www.HIMOINSA.com), a leader in power technology solutions and part of the Yanmar Group, is proud to announce the launch of its latest innovation: the HGY Series. This new engine line, with a capacity range from 1250kVA to 3500kVA (with future plans to reach 4000kVA), has the potential to significantly help address Africa's growing energy needs, particularly in key sectors critical to the continent's economic development, such as healthcare, mining, oil and gas, and tech hubs like data centers.

Download document: https://apo-opa.co/3NyfcCw

With the HGY Series, HIMOINSA enters the high-capacity engine segment, providing tailored solutions that meet the needs of Africa's mission-critical sectors where reliable and efficient power generation is vital. The company's focus on Africa reflects its strategic commitment to supporting the continent's rapid industrialization and infrastructure expansion.

Delivering Reliable Power Where It Matters Most

Africa is home to some of the world's fastest-growing economies, yet power generation remains a critical challenge in several key regions. HIMOINSA's HGY Series engines are engineered to deliver robust and sustainable solutions, particularly in areas with unstable national grids, helping to mitigate downtime, load-shedding and other challenges. By offering flexible fuel options, currently capable of operating with a range of diesel types and HVO (hydrotreated vegetable oil), with future plans to support natural gas and hydrogen, the HGY Series ensures that businesses and communities across Africa have access to low-emission, efficient, and reliable power, regardless of local grid conditions.

Guillermo Elum, HIMOINSA's EMEA Region Head, highlighted the company's dedication to the African market: “Africa is a key growth region for HIMOINSA, and our approach goes beyond merely selling products; we are committed to building local capacity. Our training programs in Angola, South Africa, Morocco, Togo and soon, in Tanzania, ensure that African technicians and engineers are fully equipped to manage and maintain our technology, creating skilled jobs and developing expertise across the continent.”

Boosting Africa's Economic Growth

The launch of the HGY Series is part of HIMOINSA's broader investment strategy to support Africa's economic development. The company's Spanish production facilities, including a new factory in Murcia with a capacity of 1,000 units currently under construction, are set to help supply the African market, ensuring fast delivery and minimal logistical challenges, so businesses can rely on timely support and services. Additionally, its focus on training and local partnerships enhances the technical skills of local communities, empowering them to manage critical power infrastructure and stimulating economic growth.

Francisco Gracia, CEO of HIMOINSA, stressed the significance of the HGY Series for Africa: “We see enormous potential in Africa's industrial and digital sectors, and the HGY Series is a powerful tool for realizing that potential. From supporting vital healthcare facilities to powering new data centers that drive digital transformation; to providing continuous power for mining projects, our solutions are designed to make a tangible impact in Africa's growth story. This launch is more than just a product introduction; it is our commitment to being a partner in Africa's progress.”

Dedicated to Sustainability in Africa

The HGY Series engines are not just about power—they are about powering Africa sustainably. Designed to work seamlessly with micro-grids and renewable energy sources, these engines offer a viable solution for rural and urban areas seeking to integrate intermittent solar and wind power into their energy mix. HIMOINSA's generators support Africa's energy transition, aligning with the continent's growing focus on renewable energy and reduced carbon emissions.

The company's presence in Africa through divisions in Angola, South Africa, Morocco, Togo, and Tanzania enables it to deliver localized support in the continent's most widely spoken languages. This commitment to on-the-ground engagement ensures that African clients receive comprehensive training and support, helping businesses reduce operational costs and improve efficiency.

Driving Innovation Across Africa's Most Critical Sectors

HIMOINSA's new HGY Series is ideally suited for sectors that drive Africa's economic growth. Data centers, which are rapidly expanding due to the rise of digital services and AI, can now benefit from high-capacity, low-emission solutions designed to minimize downtime and optimize performance. Healthcare facilities, often located in remote or underserved areas, will gain access to dependable power solutions essential for life-saving equipment. Mining operations and oil and gas fields can also leverage the versatility and efficiency of the HGY engines to operate in demanding environments, ensuring continuity even when the grid fails.

https://HGY-Series.HIMOINSA.com/

Distributed by APO Group on behalf of HIMOINSA.

About HIMOINSA: 
Founded in 1982, HIMOINSA is a global leader in the design and manufacture of power generation solutions. With a wide range of products including generator sets, lighting towers, and energy storage systems, the company has a track record of delivering reliable, efficient, and innovative power solutions. As part of the Yanmar Group, HIMOINSA combines decades of expertise with cutting-edge technology to meet the evolving energy needs of customers worldwide.

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