Factories in distress as fund dries up

2015/10/30 05:05 By Mark Allix Picture: THINKSTOCK The R5bn manufacturing competitiveness enhancement programme, established by the government to cushion local manufacturers from the effects of the global financial crisis, has been exhausted, leaving a lot of companies in distress. The Department of Trade Industry, under which the fund falls, on Wednesday said it had suspended…

MCEP Announcement

Following the MCEP notices sent to clients regarding the rejection of their applications and the attached press release, we have managed to obtain clarification from the DTI that: The notices were only sent to affected clients.  Thus implying that if your client did not receive this notice, it is likely that it does not apply…

Techstars launches in Cape Town

Techstars has opened applications for its first programme in Africa – the Barclays Techstars Accelerator. In partnership with Barclays Bank, the programme is focused on financial technology start-ups that are trying to innovate and disrupt the banking industry. Techstars Executive Director Greg Rogers told MyBroadband that the initiative aims to empower entrepreneurs. This is achieved…

R23bn to fund development of black industrialists – Ebrahim Patel

Minister Patel’s Budget Vote announces R23billion funding for black industrialists, a retail sector inquiry and conditionalities for tariff support. Economic Development Minister Ebrahim Patel today announced a R23 billion boost towards the development of black industrialists when he delivered his budget speech in Parliament. The budget speech contained a range of competition, trade and infrastructure…

Black Industrialist Development Programme

BACKGROUND The Black Industrialist Development Programme is an initiative of the dti which is intended to promote the participation of black industrialists as manufacturers for the IPAP sectors, and suppliers of infrastructure components required by the various built projects within the country. This initiative is underpinned by the systematic and deliberate inclusion of black industrialists…

How SA can create 11 million jobs

By Staff Writer  May 4, 2015 South Africa needs over 49,000 scalable Small and Medium Enterprises (SMEs), growing at a rate of 20% per annum, to create 11 million jobs by 2030 to meet the National Development Plan (NDP) target. This is according to the Endeavor jobs calculator, a global tool developed by the International Labour…

DTI launches R200m textile grant

By Vuyo Mabandla on 15 August 2014 in News BUSINESS owners in the clothing and textile industry are set to benefit from a new R200 million grant fund, launched by the Department of Trade and Industry (DTI) last month. The fund forms part of a five-year development plan, also launched last month, aimed at improving competitiveness in the local industry.…