Johannesburg, 30 August, 2017 – Unemployment among the youth of South Africa has reached an ‘all time high’ and young people need to step out and make their own way in the economy. This is according to various stakeholders at Wits University involved in entrepreneurship. In response to this imperative, Wits is pleased to announce […] ... Press Release: iEntrepreneur – a Week of Entrepreneurship at Wits
The first SME Indaba organised by AHI South Africa discussed why big and small businesses should work together. Melissa Javan Pay invoices on time, AHI South Africa president Bernard Swanepoel challenged owners of big corporates, the government and members of his organisation. “Think small [businesses] first. Consider the effects on small and... SME Indaba calls for business investment in South Africa
In a milestone for South African publishing, Ndalo Media, publisher of the popular Destiny magazine, will be the new local publishers of international fashion magazine brand Elle, making it the first wholly black-owned media company to secure exclusive licensing for one of the world’s oldest and most popular magazine brands. CD Anderson Ndalo... Ndalo Media secures landmark South African publishing licence for Elle magazines
Made in Africa will be the fashion world’s next leading destination for all things luxurious if Onychek gets its way. Ray Maota The fashion world’s next destination for luxury goods should be Africa, according to Chekwas Okafor, the founder of onychek.com, an e-commerce site focused on ‘Made in Africa’ luxury fashion and brands. For the […] ... Onychek – luxurious African brands all on one site
Following Trade and Industry Minister Rob Davies’ visit to Hollywood last week, the government will be leading a delegation of South African film makers to Los Angeles to engage with the major studios, the minister announced on Tuesday. South African film industry eyes closer ties with Hollywood
Teams of representatives from the government, business, labour, civil society and academia have begun working on plans to unlock the economic potential of South Africa’s oceans, in the first activation of a new initiative, dubbed Operation Phakisa, that was launched by President Jacob Zuma on the weekend. South Africa moves to unlock ‘blue economy’
South African commuters using the country’s most popular form of public transport – the minibus taxi – will now be able to update their Facebook status, check their e-mail and surf the internet through a free wi-fi connection on their way to work. Free wi-fi for South Africa’s taxi commuters
South African government support programmes for small and medium enterprises (SMEs) are receiving better approval ratings from their users, according to a new survey by technology market researchers World Wide Worx. Increased confidence in govt support for SMEs
South African comedian David Kau clinched a deal with US company Archstone Distribution the Cannes Film Festival on Tuesday for his upcoming movie Sekwankwetla, about a South African township superhero who can fly – but no more than 10 centimetres high. SA comedian signs movie deal at Cannes
South Africa’s competitively priced wine is attracting new buyers – who are impressed by the quality of the wines, a recent report by international financial services company Rabobank found. Exports of South African bulk wine rose in 2013 by 37.6%, outpacing the global average growth rate of 26%. ... New buyers ‘impressed with SA wines’
Aspiring filmmakers in densely populated Diepsloot, north of Johannesburg, now have a real shot at making their movie dreams come true, with the opening of the first film studio in the township on Wednesday. Lights, camera, action in Diepsloot
WhatsApp could soon be the leading social network on South African mobile phones, with more than half – or 10.6-million – of the country’s urban adults now using the instant messaging service, according to researchers World Wide Worx and Fuseware. WhatsApp takes SA mobile phones by storm
The government has launched an updated bio-economy strategy that seeks to harness partnerships with industry and academia in order to accelerate the development of bio-based services, products and innovations in South Africa. South Africa moves to grow bio-economy
The Western Cape film industry contributed R3.5-billion to South Africa’s gross domestic product in 2006/07, a new study finds. It also created around 8 500 jobs in the province and over 300 000 tourist “bed nights” across the country. Cape film boost for economy
With 77% of the global platinum supply, South Africa is set to reap the rewards of record demand for the metal as vehicle manufacturers install more pollution-control devices, according to Johnson Matthey, the world’s largest distributor of platinum group metals. South Africa hits platinum jackpot
A huge blow has been struck against cellphone theft in South Africa with the signing of an agreement between the country’s cellular service providers, Business Against Crime and the SA Police Service that will render all reported stolen cellphones useless. Game’s up for cellphone thieves
Africa’s biggest stock exchange, the JSE, is opening its doors to foreign listings, a move expected to boost the value of the local bourse and create new opportunities for African businesses. JSE opens to foreign listings
The department of trade and industry, with funding from the World Bank, has established the Black Business Supplier Development Programme, aimed at fast-tracking small and medium black-owned enterprises with potential for growth into the mainstream of the economy. Support for small black firms
The Industrial Development Corporation, a government-owned development finance institution, has signed a US$125-million loan agreement with a number of international commercial banks. IDC secures $125m loan
The department of trade and industry has launched a Competitiveness Fund that provides financial support to qualifying entrepreneurs, allocating grants that cover up to 50% of their running costs. Govt grants for entrepreneurs
Brand South Partners With Netflix to Celebrate and Showcase South Africa’s value proposition & its Vibrant Cultures Ahead of G20 Summit
