70% of top 40 SA companies contributed to R1.5 billion SME Fund

Today President Jacob Zuma held a meeting with the Presidential CEO Initiative, formed last Friday. It is led by Finance Minister Pravin Gordhan. He also met with Business Unity South Africa (Busa) President Jabu Mabuza.

The President wanted the initiative to report back on the work done by business, government and labour, to build confidence in the economy and reignite growth.

Speaking to Xoalni Gwala on the Afternoon Drive show, Mabuza says 70% of the top 40 South African companies have contributed to the R1.5 billion SME Fund, which will help fund small enterprises with growth potential.

We have started an exciting initiative, where we hope that in the next three years we will absorb a million youth in some internships that will cost about R15 billion, which we hope half of that will come from private sector, and on a package of some incentives will come from government.

Jabu Mabuza, Busa President

Mabuza says as the Presidential CEO Initiative is urging leaders to "mind their language" and not say things that will harm the economy.

Listen to the audio below to here more about the Presidential CEO Initiative...

Read More
Widespread remembrance for SS Mendi troops, says SA Naval Museum curator

Widespread remembrance for SS Mendi troops, says SA Naval Museum curator

SA Naval Museum curator of Lieutenant-Commander Leon Steyn says the tragic incident has been remembered across the nation.

Coalition of civic groups in Tshwane starts dialogue on xenophobia

Coalition of civic groups in Tshwane starts dialogue on xenophobia

A planned march against immigrants by a group called 'Mamelodi Concerned Citizens' has been rejected by Tshwane Metro Police.

Motsoeneng feels 'prejudiced' for not having his say at SABC inquiry

Motsoeneng feels 'prejudiced' for not having his say at SABC inquiry

Hlaudi Motsoeneng's lawyers say their client felt unfairly treated by not being allowed to testify during the SABC inquiry.

Premier David Makhura must do the honourable thing and step down - DA

Premier David Makhura must do the honourable thing and step down - DA

DA has rejected Makhura’s claim that the decision to move the Life Esidimeni patients was not made by consulting with his office.

Gauteng Finance MEC: Focus is to localise economic production #GPSONA2017

Gauteng Finance MEC: Focus is to localise economic production #GPSONA2017

Barbara Creesy reflects on Premier David Makhura's outline made in the State of the Province address.

Sars officials sniff out 271kg of cocaine in biggest bust to date

Sars officials sniff out 271kg of cocaine in biggest bust to date

Cocaine weighing 271kg, with an estimated street value of R78 million, was confiscated by Sars officials at the OR Tambo Airport.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

How to be happier (and more fulfilled) at your job (whatever it is)

How to be happier (and more fulfilled) at your job (whatever it is)

Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.

SA Weather Service warns Gauteng of heavy thunderstorms

SA Weather Service warns Gauteng of heavy thunderstorms

Gauteng will yet again experience heavy thunderstorms on Friday, according to the South African Weather Service.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.