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SA needs to promote inclusive economic growth

South Africa needs to raise the level of economic growth and promote inclusive growth if it is to win the battle against poverty, inequality and unemployment, says Trade and Industry Minister Rob Davies. Addressing China’s electronics manufacturer HiSense’s two-day export strategy conference in Cape Town, the Minister said industrialisation was fundamental. “For us as a […]

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Mining towns get R18bn facelift

Government has allocated R18 billion to improve the socio-economic conditions of distressed mining communities across the country. Headed by the Inter-Ministerial Committee (IMC) in charge of revitalising mining communities, the projects include housing and wellness projects. “Overall R18 billion has been dedicated to ongoing work in distressed mining communities, benefitting the following provinces: Eastern Cape; […]

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Advice for small business, entrepreneurs

With the aim of stimulating the local economy and contributing towards an environment which is conducive for job creation, Proudly South Africa will be embarking on a nationwide initiative to empower and equip small businesses and entrepreneurs. Empower and equip small businesses The initiative forms part of Proudly SA’s mandate to promote locally manufactured products […]

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R1 billion to support black industrialists

The Department of Trade and Industry (dti) is to avail R1 billion in support for the Black Industrialists Development Programme, said Minister Rob Davies. Speaking at the closing session of the two-day Black Industrialists Indaba on Thursday, the Minister said that R1 billion will be availed in incentive support for the programme that was launched […]

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Measures to support SMMEs

SMMEs – Government has set aside 30% of all government contracts to support small businesses and co-operatives in a bid to boost township and rural economies. Rural Development and Land Reform Minister Gugile Nkwinti said this when he led a briefing of the Economic Sectors, Employment and Infrastructure Development Cluster on Tuesday. He said small […]

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Expenditure reduced to narrow budget deficit

Finance Minister Nhlanhla Nene says government will reduce spending by R25 billion in the 2015/16 and 2016/17 financial year in a bid to narrow the budget deficit. While the Minister is trying to narrow the deficit to 3.6%, he said this reduction in spending — coupled with an increase in taxes amounting to a R17 […]

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Regulations for tax free savings

The final notice and regulations that allow for the introduction of Tax Free Savings and Investment Accounts (TFSAs) have been approved by Finance Minister Nhlanhla Nene. This will come into effect from 1 March 2015, the start of the new tax year. The incentive, said National Treasury in a statement on Friday, is an important […]

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Investment mission to Kenya, Tanzania

Kenya - Tanzania

South Africa – The Department of Trade and Industry (dti) is today kicking off an Outward Selling and Investment Mission to Kenya and Tanzania. [Read more…]

Enter South African Premier Business Awards

The Department of Trade and Industry (dti) is inviting South African businesses to submit their entries for the 3rd Annual South African Premier Business Awards. Enter South African Premier Business Awards The awards, which will be hosted by the dti in partnership with Proudly South African and Brand South Africa in April, recognise business excellence […]

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Contributing towards South Africa’s competitiveness

South Africa – The Investing in African Mining Indaba is an annual platform that brings more than 7 000 seasoned captains of industry in the mining sector under one roof at the Cape Town Convention Centre. Mining Indaba 2015 is scheduled to take place from 9 – 12 February. The event comprises an exhibition, conferences, […]

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