Tag Archive | National Development Plan

Township and rural economies to change the development narrative

The face of township and rural economies where unemployment, poverty and inequality are still rampant is fast changing, thanks to a successful public-private partnership which recognises the potential for emerging enterprises to contribute towards job creation and the mainstream economy. To ensure their sustainability and competitiveness, government is intensifying its support to township enterprises. As […]

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Posted in SMMEs0 Comments

KZN businesswomen making strides in key economic sectors

The integration of women in the formal economy across a variety of sectors without hindrance will have far reaching effects for the overall economy of the country, says Ithala Development Finance Corporation. It is against this conviction that Ithala hosted the annual Imbokodo Iyazenzela Women in Business Awards, a public platform which acknowledges exceptional businesswomen. […]

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Black industrialists to transform South Africa

The Minister of Trade and Industry, Dr Rob Davies is confident that the group of 27 black industrialists whose projects have been approved for funding under the Black Industrialists Incentive Scheme will succeed in contributing to the country’s radical economic transformation, economic growth and job creation.   “To date the Department of Trade and Industry […]

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Posted in B-BBEE, Enterprise Development0 Comments

Township and Rural SMMEs to benefit from dialogue sessions

The National Planning Commission is set to host various dialogue sessions with Small, Medium and Micro Enterprises (SMMEs) throughout the country from March until May. The commission on Tuesday said the dialogue sessions are part of its information gathering on the “Limited Success of Entrepreneurial Activity by Locals in Townships and Rural Areas”.  The commission said […]

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ANC prioritizes radical economic transformation

Following the African National Congress’s lekgotla, a meeting of the national executive committee last week, the ruling party top brass has made radical economic transformation an area of focus for the government. The party says accelerated radical socio-economic transformation, refers to a fundamental change in the structure, systems, institutions and patterns of ownership and control […]

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Posted in B-BBEE, Enterprise Development, Government, SMMEs1 Comment

Corporate South Africa should do more in transformation – Manuel

Corporate South Africa should put more effort towards national building and transformation than it is currently doing, says, Trevor Manuel, the former minister in the presidency for the National Planning Commission (NPC) and the current non-executive chairperson of Old Mutual Group Holdings. Unfortunately, there is a half-hearted effort towards the cause, Manuel laments, referring to the […]

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Government must spend more on water and electricity infrastructure

  Approximately 80% of South African engineering professionals do not think that the government will allocate sufficient funds towards projects aimed at addressing the country’s electricity and water crises. This is according to the latest PPS survey conducted among almost 600 engineering professionals. Manglin Pillay, CEO of the South African Institution of Civil Engineering (SAICE), […]

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Posted in Infrastructure0 Comments

Economic Transformation

SA Govt working hard to transform economy – Zuma

Government and its social partners continue to work towards transforming the South African economy so as to address unemployment and other challenges, said President Jacob Gedleyihlekisa Zuma. Speaking at the Japan International Cooperation Agency seminar, he said “Government, along with our social partners, continues to work hard to implement policies that have a potential to […]

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R700k Prize beckons for Mzansi Youth

The inclusion of young entrepreneurs into the economy is a major national priority and has been identified by government as crucial to the country’s transformation agenda. The strategy, which features prominently in the National Development Plan, is for government and the private sector engender an entrepreneurial spirit among the country’s youth. It seeks to cultivate […]

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Posted in Youth Empowerment0 Comments

Pravin Gordhan

Budget set within the framework of the National Development Plan

Budgets are always a delicate balancing act – but in 2013/14 getting the balance right was more important than usual. Accordingly, the 2013/2014 Budget was the first budget to be drawn up within the framework of the National Development Plan. This is according to independent economist Sandra Gordon who was speaking at the Mazars Budget […]

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