South Africa’s R9-billion Jobs Fund, which aims to help the government create 150 000 jobs over the next three years, is now accepting applications from companies and non-governmental organisations with innovative job-creation projects. Finance Minister Pravin Gordhan told Read the full story
South Africa’s National Empowerment Fund, an agency of the Department of Trade and Industry, has launched the Enterprise Development Fund to fund small, medium and micro black enterprises with loans ranging between R250 000 (US$37 000) and R75-million ($11-million). The difference between Read the full story
Dr Garth Cambray, managing director of Makana Meadery in Grahamstown, is another brand ambassador in the Eastern Cape with a local approach and global vision. Like the name suggests, his company makes wine from fermented honey, also known as mead, Read the full story
An over-emphasis on diversity of ownership and senior management in the implementation of black economic empowerment (BEE) was one of the key issues raised at a Black Economic Empowerment Advisory Council meeting chaired by President Jacob Zuma at the Union Read the full story
There are huge opportunities for banks to get involved in the transformation of South Africa’s agricultural sector by providing finance to small-holder farmers and farm workers, and advice to established farmers seeking black economic empowerment (BEE) partners. This is according Read the full story
The Industrial Developmental Corporation (IDC) approved funding of R8.4-billion for the year ending March 2011. The funding, its highest ever for South African-based investments, is expected to create up to 20 000 full-time jobs and save an additional 11 000 Read the full story
The Department of Science and Technology and Microsoft South Africa have signed a memorandum of understanding that will see the two fast-tracking high-performance computing, human capital and enterprise development in the country. According to Science and Technology Director-General Phil Mjwara Read the full story
National Empowerment Fund (NEF), the government agency set up to provide capital for black economic empowerment transactions, has contributed almost R700-million toward economic transformation in the country since its formation in 1998, while its capital reserves now stand at about Read the full story
The New Growth Path [PDF] is a broad framework that sets out a vision and identifies key areas where jobs can be created. The new growth path is intended to address unemployment, inequality and poverty in a strategy that is Read the full story
The sum total of the estimated 2,8 million small, medium and micro-enterprises (SMMEs) contribute between 52% and 57% to the gross domestic product (GDP). It is also estimated that SMMEs contribute nearly 61% of employment. The South Afircan government aims Read the full story
