Archive | SMMEs

Small business benefits from training programmes

Government agencies, put in place to  provide business advisory services to small, medium and micro-sized enterprises (SMMEs), are making an impact in assisting them to grow. “The Small Enterprise Development Agency (Seda) ran a coaching and mentorship programme at three locations in KwaZulu-Natal assisting 90 businesses, which resulted in an overall increase in turnover of […]

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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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Calls for government departments to pay small businesses on time

President Jacob Zuma has urged government departments and provinces to pay businesses, particularly small enterprises on time, within the stipulated 30 days of submitting legitimate invoices. “Failure to pay on time has a negative impact on our economy, especially on the small businesses, which run the real risk of being squeezed out of business activity,” […]

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Phase 1 of N2 Alexandra to Bhisho Road upgrade injects R30m in SME development

More than 200 local labourers from King Williams Town have worked on a major road construction project, which is due to conclude at the end of November. Phases two and three of the roadworks are starting in mid-2018, the South African National Roads Agency (Sanral) has announced. Sanral has trained 26 CIDB grade one and […]

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City in partnership to uplift urban farmers

The City of Johannesburg has partnered with United Way South Africa (UWSA) to assist emerging farmers across all regions graduate from subsistence to semi-commercial farming. UWSA is a non-profit organisation that connects sectors of society to long term social change. The partnership will see about 300 farmers acquiring skills which will enable them to access […]

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MMC moves to make JBF an inclusive organisation

The City of Johannesburg’s Member of the Mayoral Committee for Economic Department, Cllr Leah Knott, has called on the Johannesburg Business Forum (JBF) to change its focus to help narrow the inequality gap and accelerate economic growth in the city. MMC Knott was speaking at a meeting to draft a framework for the re-launch of […]

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UCT launches GSB Solution Space in Philippi Village

On 24 July 2017, the University of Cape Town (UCT), for the first time in its 179-year history, established an official and permanent educational space in a Cape Town community with the opening of the GSB Solution Space in Philippi Village. Backed by the university’s Graduate School of Business (GSB) and the Bertha Centre for […]

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Nedbank invests in Cape Winemakers Guild Protégés

Nedbank, longstanding partner of the Cape Winemakers Guild for over two decades, has stepped up its investment in the Cape Winemakers Guild Protégé Programme for 2017. The Nedbank Eyethu Community Trust has pledged R700 000 to boost the Guild’s Protégé Programme which currently supports nine talented young winemakers and a viticulturist completing their internships under the […]

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Black Business Council calls for support for middle class and SMMEs

On 01 June 2017, Fitch Ratings (Fitch) downgraded South Africa’s long-term foreign and local currency debt to ‘BB+’ from ‘BBB-‘ with a stable outlook, a non-investment grade rating. Sello Rasethaba, Chairman of the Black Business Council (BBC) notes that the announcement by Fitch “is a setback, we must remain committed to making sure that our […]

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Key focus on SMMEs’ impact in manufacturing sector

SMMEs are a driving force in South Africa’s social and economic transition and have attracted increasing attention because of their labour-absorptive capacity and potential to grow and stimulate the economy. More than a third of young South Africans in the labour force are unemployed. This statistic creates a significant gap that can be filled by […]

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