Archive | SMMEs

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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Posted in Education, SMMEs0 Comments

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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Posted in B-BBEE, SMMEs2 Comments

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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Centre for Entrepreneurship launched in Free State

Small Business Development Minister Lindiwe Zulu on Friday launched the Centre for Entrepreneurship in Welkom, Free State, saying such a centre will promote entrepreneurship as a career of choice. The centre is the ninth such hub in the country. The launch of the centre forms part of the sixth National Imbizo Focus Week themed ‘Together we […]

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Posted in Skills development, SMMEs0 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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Youth programme Buddibox makes matriculants dreams come true

The 442 672 matriculants who passed their 2016 National Senior Certificate (NSC) exams are now faced with big decisions about their careers and job opportunities and for many, the future looks less than promising. Fees didn’t fall and without a tertiary degree, or a job in a country with one of the highest unemployment rates […]

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Posted in Enterprise Development, SMMEs0 Comments

Premier David Makhura outlines economic transformation plan for province in SOPA

Gauteng Premier David Makhura delivered his fourth State of the Province Address at the Greenhills Stadium in Randfontein on Monday. The province’s number one citizen unpacked his programme of action which is linked to transformation in the economic sector. The premier said stakeholders have embraced the rapid implementation of the new Provincial Economic Development Plan […]

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Empowerment is not just whitewashing, says REDISA

In 2015 the Department of Trade and Industry announced amendments to the broad-based black economic empowerment (BBBEE) codes. As much as BEE has been a part of the business language for about 13 years, these latest changes reflect that Government views business ownership as an integral element to transform the South African economy. To do […]

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Tsogo Sun Entrepreneurs’ enrols 20 businesses for development

Tsogo Sun Entrepreneurs’ newest intake of 20 businesses into its 12-month development programme commenced with a two-day induction seminar on 26 and 27 January at the Garden Court OR Tambo hotel, bringing the total number of entrepreneurs supported by the programme since 2005 to 200. Tsogo Sun is a leading hotels, gaming and entertainment company […]

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