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 />
citrus. Vaal Community Citrus<br />
could create 1 330 jobs.<br />
The Provincial Government of<br />
the Northern Cape is an example<br />
of a government body which<br />
puts a strong emphasis on supporting<br />
small business as a way<br />
of stimulating economic activity,<br />
getting more people into the<br />
mainstream of the economy and<br />
bolstering food security. In 2016,<br />
support was given to 210 SMMEs<br />
and 91 co-operatives. <strong>Business</strong><br />
and financial management training<br />
was offered to 83 informal<br />
traders. In partnership with the<br />
Small Enterprise Development<br />
Agency, nine cadets received<br />
training before receiving work<br />
places at various municipalities.<br />
The Department of Economic<br />
Development and Tourism hosted<br />
an Economic Research Day<br />
which brought together support<br />
agencies, government and<br />
private companies such as Petra<br />
Diamonds and Anglo American.<br />
A Provincial Incubation Strategy<br />
is planned, as is a specialist<br />
Renewable Energy Incubator.<br />
Two of the Eastern Cape<br />
Development Corporation’s seven<br />
business units are devoted to small<br />
business: Development Finance<br />
and Enterprise Development.<br />
The ECDC and the Technology<br />
Innovation Agency (TIA) jointly<br />
run the TIA-ECD Innovation Seed<br />
Fund Programme which identifies<br />
and co-funds early stage technology<br />
innovation projects in the<br />
Eastern Cape.<br />
The National Department of<br />
Labour has a programme to support<br />
people with disabilities. The<br />
Sheltered Employment Factories<br />
initiative puts out about 3 000 different<br />
product types in fields such as leather and canvas work, furniture,<br />
textiles, screen printing and book binding.<br />
The Enterprise Investment Programme (EIP) of the National<br />
Department of Trade and Industry (dti) is another support programme.<br />
In 2017, the success of a uniform and protection equipment company<br />
was advertised by the EIP: having received a grant in 2014, Thorax LP<br />
Equipment, a 100% black-women-owned company, has subsequently<br />
turned over more than R8-million and employed many young people.<br />
The Development Bank of <strong>South</strong>ern Africa (DBSA) is another major<br />
funder of projects.<br />
Private sector<br />
The major banks all have SMME offerings. Standard Bank runs a<br />
Community Investment Fund and Nedbank offers an enterprise development<br />
product for businesses with turnovers up to R35-million.<br />
Agribusiness and agri-processing are among the three sectors that are<br />
targeted by the Masisizane Fund for loan financing. The others are franchising/commercial<br />
and supply chain/manufacturing. Training is offered<br />
through a <strong>Business</strong> Accelerator Programme. As a non-profit initiative of<br />
the Old Mutual Group, the fund focusses on the cash flow of potential<br />
businesses rather than insisting on security in the form of property.<br />
Private companies are supporting SMMEs through their buying chain.<br />
Woolworths is funding TechnoServe to ensure that small tomato growers<br />
can grow produce that will meet the demanding standards of the retailer,<br />
and to help them expand production. A regular supplier to Woolworths,<br />
Qutom, assists with the project.<br />
Using the supply chain to benefit small business is at the heart of<br />
Anglo American’s Zimele, which runs four enterprise development and<br />
investment funds. Hub managers support small business in the downstream<br />
sectors relevant to the resource mined by the Anglo subsidiary.<br />
The Thermal Coal Hub and the Platinum Hub are two examples. The<br />
Mondi Zimele Hub in Piet Retief supports businesses in the paper and<br />
forestry supply chain.<br />
ONLINE RESOURCES<br />
Development Bank of <strong>South</strong>ern Africa: www.dbsa.org<br />
Eastern Cape Development Corporation: www.ecdc.co.za<br />
Gazelles: www.nationalgazelles.org.za<br />
National Empowerment Fund: www.nefcorp.co.za<br />
National Department of Small <strong>Business</strong> Development:<br />
www.dsbd.gov.za<br />
Small Enterprise Development Agency: www.seda.co.za<br />
Small Enterprise Finance Agency: www.sefa.org.za<br />
131 SOUTH AFRICAN BUSINESS <strong>2018</strong>