http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.16Change: -0.05
R/$ = 12.08Change: -0.14
Au 1187.35 $/ozChange: -19.90
Pt 1124.50 $/ozChange: -24.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 25, 2013

R817m invested through DTI incubation support programme

Back
Trade and Industry Minister Dr Rob Davies
Photo: Duane Daws
Trade and Industry Minister Dr Rob Davies
 
 
 
Agriculture|Mpumalanga|Natal|Africa|Eskom|Mining|PROJECT|Transnet|Africa|South Africa|Automotive|Energy|Manufacturing|Manufacturing Industries|Technology Transfer|Eastern Cape|Rob Davies|Eastern Cape|Information Communication Technology
Agriculture||Africa|Eskom|Mining|PROJECT|Transnet|Africa||Automotive|Energy|Manufacturing|||||
agriculture|mpumalanga-city|natal|africa-company|eskom|mining|project|transnet|africa|south-africa|automotive|energy|manufacturing|manufacturing-industries|technology-transfer|eastern-cape|rob-davies|eastern-cape-province-or-state|information-communication-technology
© Reuse this



Following the introduction of an enterprise incubation support programme by the Department of Trade and Industry (DTI) in September last year, the department has approved 30 applications, with a total investment value of some R817-million.

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)
 
 
 
 
 
 
 
 
 
Latest News
Economic bilateral relations between South Africa and Peru will receive a shot on the arm when businesspeople from the two countries gather in Lima, Peru, to launch the South Africa–Peru Chamber of Commerce (Sapcham) on Wednesday. The chamber aimed to increase trade...
Tongaat Hulett CEO Peter Staude
JSE-listed Tongaat Hulett CEO Peter Staude told shareholders and analysts on Tuesday that of the company’s land assets, 39% was either in the process of undergoing an environmental-impact assessment, being released from agriculture, had formally submitted a planning...
Trade union Solidarity on Tuesday lambasted government for importing foreign skills in the form of 48 Cuban engineers, instead of appointing South African engineers, calling it a “disgrace”. The first of 48 Cuban engineers, appointed to improve service delivery in...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96