SA, Zim, to Boost SMMEs

South Africa and Zimbabwe have agreed to boost development of small enterprises and cooperatives in both countries.

According to an agreement signed by the two countries, a team responsible for cooperative development in South Africa will visit Zimbabwe by February 2013.

In a press statement, the Department of Trade and Industry says that the team will study the setting up of a cooperative training academy in that country, explore areas of commodity exchanges and facilitate trade among cooperatives from both countries.

Tertiary School in Business Administration: Fundraiser

Tertiary School in Business Administration (TSiBA) is a nonprofit organisation with a mission to be an innovative learning community that graduates entrepreneurial leaders who ignite opportunity and social change.

TSiBA seeks to appoint a Fundraiser, based in Cape Town. Job Grade: D2

The main purpose of this role is to raise donations from corporates, foundations and individuals - nationally and internationally to further and sustain the work of TSiBA Education NPC.

The person will report to the Chef Executive Officer.



Call for SA to Establish ‘SMME Ministry’

The Black Business Council (BBC) has called for a ministry for small, medium, and micro enterprises (SMME).

Speaking during the BBC president, Ndaba Ntsele, says that the council plans to take the proposal to Luthuli House, the African National Congress’ head office in Johannesburg.

Ntsele stated that most developing economies, such as Brazil, have an SMME ministry, which supports entrepreneurship and the sustainability of the small businesses.

ADB Invests in SMMEs to Overcome Poverty

The African Development Bank (ADB) says it has ploughed about R17.5 billion into small and medium businesses in Africa to create jobs and fight ‘endemic’ poverty.

Disclosing the figure at the Innovation Africa summit, which was held in Cape Town, the bank stated that the continent needs decisive and ambitious leadership, warning that poverty, poor infrastructure development and corruption all hamper the continent's development.

A-G Slams NYDA Over Unpaid Loans

The National Youth Development Agency (NYDA) may never recover R161 million of the loans it granted aspiring entrepreneurs, according to the Auditor-General’s office.

In its report to Parliament on the NYDA, the Auditor-General's office also casts doubt on the agency's ability to recoup the millions.

Meanwhile, NYDA chief executive, Steven Ngubeni, says that the agency is in the process of taking legal steps against defaulters because they had failed to give ‘valid’ reasons for not being able to repay their loans.

NGO Launches Business Contest

A Johannesburg-based non-governmental organisation, Hub Johannesburg, has launched a year-long incubation programme for South African entrepreneurs.

The organisation has called on business people to come up with environmental friendly business ideas that can contribute to sustainable development in communities.

The aim of the programme is to find local entrepreneurs who have business-based innovative solutions to problems facing communities and the environment.

Call to Empower Women to Overcome Social Ills

As South Africa wraps up celebrations of Women's Month, Progressive Women's Movement South Africa convener, Hlengiwe Mkhize, says women have to be empowered at all levels and not be put in a box.

Mkhize, who is also deputy minister of economic development, believes that promoting women to influential positions was not good enough as most companies had not been transformed.

Socially Conscious Woman Makes Her Mark in a Man’s World

In the not-too-distant past, women were refused the right to education let alone to work. That notion has thankfully changed, and more and more women are steadily empowering themselves and becoming leaders in the corporate world. However, in some societies regardless of the era we live in, there are still debates about what women can and cannot do.

Junior Achievement Announces Winners of the Global Social Innovation Relay - South African Solar Powered Lamp Takes the Prize!

Brussels, July 2012: Junior Achievement today announced the winner of the second annual Social Innovation Relay, a global challenge developed by Junior Achievement and HP for high school students to create and develop new business concepts intended to have a positive social or environmental impact.

Khoza Calls for Visionary Leadership

Nedbank chairperson, Ruel Khoza, says that an absence of visionary leadership is a major stumbling block for entrepreneurs in South Africa.

Khoza, who was recently criticised by the ruling African National Congress for criticising the quality of political leadership in the country, points out that, “Leadership at all levels should demonstrate a commitment to creative freedom."

He states that small, medium and micro enterprises (SMMES) should form the backbone of South Africa's economy, since big business and the state cannot provide enough jobs.


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