Streaming issues? Report here
nonn-show-picjpg nonn-show-picjpg
702 Music with Nonn Botha
14:00 - 18:00
volume_up
volume_mute

Up Next: This is Africa with Richard Nwamba
See full line-up
702 Music with Nonn Botha
14:00 - 18:00

Home
arrow_forward
Business

R363bn in investment pledges won't exclude small businesses, says minister

8 November 2019 11:18 AM
Tags:
Government
small business
SMMEs
SA Investment Conference
investment pledges
Billions in investment commitments were secured at the second-ever investment conference held this week.

Minister for Small Business Development Khumbudzo Ntshavheni says the financial commitments made at the investment summit this week stand to benefit small enterprises and not just big business.

R363 billion in investment commitments made at this year’s conference in an effort to bolster the South African economy.

RELATED: Investment summit hopes to boost economy and put SA on the map

Government has said that the billions raised could create 412,000 jobs over the next five years.

Minister Ntshavheni explains that there are programmes through which SMMEs will benefit from the investment pledges.

RELATED: Govt publishes draft laws to make South Africa more 'entrepreneur-friendly'

Ntshavheni says pledges in the automotive, manufacturing and retail sectors could help many small business suppliers soar.

The automotive sector pledged a commitment of almost R40 billion, in those commitments, there's a clear enterprise and supply development programme that allows SMMEs to participate in the space of supply development.

Khumbudzo Ntshavheni - Minister of Small Business Development

There are clear programmes to graduate an introduce SMMEs.

Khumbudzo Ntshavheni - Minister of Small Business Development

Listen to the discussion on Today with Kieno Kammies:


This article first appeared on CapeTalk : R363bn in investment pledges won't exclude small businesses, says minister


8 November 2019 11:18 AM
Tags:
Government
small business
SMMEs
SA Investment Conference
investment pledges

More from Business

zulzi-2jpg

[LISTEN] Zulzi's Donald Valoyi talks the future of e-commerce and creating jobs

29 May 2020 3:04 PM

The founder shares his insights on the e-commerce space and how his company has managed to be resilient.

Share this:
Read More arrow_forward

screen-shot-2020-05-28-at-100419-ampng

Cachét Creative specialises in wedding and event planning

29 May 2020 9:15 AM

Every day #702ShoutOut and Ninety One shines the spotlight an SMMEs doing great work during lockdown.

Share this:
Read More arrow_forward

Retirement couple relationship

How to plan for retirement during the Covid-19 crisis

28 May 2020 7:47 PM

The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.

Share this:
Read More arrow_forward

Economy, stock market, recession

How to invest globally...during a global pandemic

28 May 2020 7:36 PM

Investors are not exactly confident to invest in shares and trade on the markets during these times.

Share this:
Read More arrow_forward

charlys-bakery-insta-picpng

Charly's bakery is at risk, asking for help

28 May 2020 7:09 PM

Lots of small businesses are going under or holding on by the skin of their teeth .

Share this:
Read More arrow_forward

Open for business

SA economy opens steadily - will it bring any relief to the contraction?

28 May 2020 6:43 PM

On Monday many sectors of the economy will return to business as usual.

Share this:
Read More arrow_forward

screen-shot-2020-05-28-at-65146-ampng

Il Designs Creative Approach offers branding solutions to various brands

28 May 2020 9:08 AM

Every day #702ShoutOut and Ninety One shines the spotlight an SMMEs doing great work during lockdown.

Share this:
Read More arrow_forward

woman-medical-care-doctore-insurance-form-pexels-photojpeg

The Ombudsman for Short-Term Insurance report - what were the complaints?

27 May 2020 7:58 PM

The Ombud for Short Term Insurance’s aim is to resolve short term insurance complaints ''fairly, efficiently and impartially''.

Share this:
Read More arrow_forward

fashion-1345082jpg

South African based e-commerce fashion retailer gets R100 million investment

27 May 2020 7:25 PM

RunwaySale, an e-commerce fashion retailer, has received an investment of R100 million from an international private equity firm.

Share this:
Read More arrow_forward

Nasa Artemis logo

The Artemis program to put a woman on the Moon

27 May 2020 7:15 PM

One of six women chosen earlier this year may be the first to walk on the moon.

Share this:
Read More arrow_forward