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…
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…
The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and non-financial support mechanisms to boost the industrial asset share of black business. The policy framework, which was compiled…
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…
Plan not easy to work, says October….. Lionel October, acting DG, department of trade and industry (DTI) admitted to Parliament the Manufacturing Competitiveness Enhancement Programme (MCEP) had been a difficult programme to run. Over eight hundred applications with a grant value of R5.1bn had been agreed upon but only R1.5bn disbursed. However by 2018, he…
2015-06-02 A multi-million rand factory was launched by the Minister of Trade and Industry, Dr Rob Davies in Boksburg today. The Khanyisa household care products plant which, is one of the four manufacturing plants in South Africa by Unilever is the company’s largest investment globally worth about R1.4 billion. Speaking at the launch, Minister Davies…
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…
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.…
MAGDELINE Paledi is one of over 33 000 business owners and co-operative members who received funding from one of three national agencies and four grant incentive schemes in the last financial year – a year in which government support to small businesses doubled over the 2011/12 financial year. If funding from the Industrial Development Corporation’s…
One of the benefits of establishing your company culture first is that it gives you the opportunity to build your team to fit the culture. As I said before, successful entrepreneurs hire for the long run – not just for today – avoiding the temptation to settle for people who aren’t ‘A’ players and don’t…
