Oct 25, 2013
R817m invested through DTI incubation support programmeBack
Agriculture|Mpumalanga|Natal|Africa|Eskom|PROJECT|Transnet|Africa|South Africa|Automotive|Energy|Manufacturing|Manufacturing Industries|Mining|Technology Transfer|Eastern Cape|Rob Davies|Eastern Cape|Information Communication Technology
© Reuse this
Trade and Industry Minister Dr Rob Davies said in response to a Parliamentary question that the incubation initiative had approved 14 applications in the 2012/13 fiscal period and 16 in the current financial year, resulting in the creation of 19 546 jobs.
“The majority of these approvals have been in the manufacturing and agriculture sectors,” he noted.
Davies added that the first project, approved in November last year – the Sasol ChemCity business incubator, in Sasolburg, which was granted funding of R26.3-million over three years – was launched earlier this month.
The enterprise incubation programme was established with the aim of developing organisations that would absorb South Africa’s vast unskilled labour force, develop new technologies and strengthen the country’s economy.
It further aimed to encourage private sector partnerships with government to foster collaboration between small and big businesses, whereby big businesses would assist small, medium-sized and microenterprises with skills and technology transfer, supplier development and marketing opportunities.
Citing the successes generated by the programme, Davies indicated that four approvals had been granted to Eastern Cape businesses in the information communication technology (ICT), film and agriculture sectors, while three Free State-based enterprises in the ‘multi-sectoral’, jewellery and manufacturing industries had received assistance.
In Gauteng, seven enterprises in the ICT, automotive, energy, agriculture and manufacturing industries were granted approval under the facility, while one KwaZulu-Natal-based clothing enterprise received assistance.
Three manufacturing businesses in Limpopo were approved for assistance under the programme, while four Mpumalanga-based enterprises in the mining, chemicals and agriculture sectors received support funding.
In the Northern Cape, one agricultural enterprise received approval, as did seven Western Cape businesses in the ICT, manufacturing, energy, clothing and agrofarming sectors.
The Minister further indicated in his response that Lonmin, Eskom and Transnet had agreed, in principle, to partner with the DTI to sponsor several incubators.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...