South African Business 2018 edition
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
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OVERVIEW<br />
Development finance and SMME<br />
support<br />
<strong>South</strong> Africa has over two-million SMMEs.<br />
SECTOR INSIGHT<br />
The Northern Cape is<br />
supporting co-operatives.<br />
The National Department of Small <strong>Business</strong> Development (DSBD)<br />
has several programmes to assist small, micro and medium<br />
enterprises (SMMEs) and co-operatives.<br />
These include:<br />
• The Black <strong>Business</strong> Supplier Development Programme, a costsharing<br />
grant to promote competitiveness<br />
• The Co-operative Incentive Scheme, a 100% grant.<br />
The Small Enterprise Development Agency (Seda) is a subsidiary<br />
of the DSBD. In a recent publication, Seda reported that the number<br />
of SMMEs in <strong>South</strong> Africa increased by only 3%, from 2.18-million<br />
to 2.25-million between 2008 and 2015. Limpopo had the highest<br />
growth rate (34%), followed by Gauteng. Rural provinces tend to have<br />
more informal SMMEs, due to their high number of hawkers and<br />
informal traders. About half of <strong>South</strong> Africa’s formal SMMEs operate<br />
in Gauteng and more than half are in the wholesale and retail sector<br />
and the accommodation sector. The next most popular sectors are<br />
community, social and personal services.<br />
Recent studies have shown that <strong>South</strong> Africa’s townships represent<br />
a substantial market. The CEO of Minanawe Marketing, GG<br />
Alcock, told the FMCG Insights conference in 2016 that the “invisible<br />
market” was worth R10-billion. Alcock told the Sunday Times that a<br />
Johannesburg township fast food operator made R50 000 per day<br />
from three outlets.<br />
Seda has 42 incubation centres<br />
in <strong>South</strong> Africa under its<br />
Seda Technology Programme<br />
(STP). An example is the Zenzele<br />
Technology Demonstration<br />
Centre, a project that helps smallscale<br />
miners and mineral processors<br />
to create viable businesses.<br />
The National Gazelles is a national<br />
SMME accelerator jointly<br />
funded by Seda and the DSBD.<br />
The aim is to identify and support<br />
businesses with growth potential<br />
across priority sectors. <strong>Business</strong>es<br />
can receive up to R1-million for<br />
training, productivity advice, business<br />
skills development and the<br />
purchase of equipment.<br />
The Industrial Development<br />
Corporation (IDC) supports<br />
SMMEs either by disbursing loans<br />
or by taking minority shares in<br />
enterprises and giving advice.<br />
An agricultural project in the<br />
Northern Cape is an example of<br />
the kind of work it does. Through<br />
the IDC’s Transformation and<br />
Entrepreneurial Scheme, a black<br />
economic empowerment project<br />
is underway at Kakamas, where<br />
emerging farmers are planting<br />
SOUTH AFRICAN BUSINESS <strong>2018</strong><br />
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