Minister Ebrahim Patel recently tabled his 2015/2016 Budget Vote Speech in Parliament. He announced that through the Industrial Development Corporation (IDC) he will set aside R23 billion to support and facilitate the growth of black Industrialists in the productive sectors.
He also told parliamentarians that the Competition Commission will launch a market enquiry into of the retail sector. The enquiry he said will be this year and will probe supermarket chains, grocery stores and small retail outlets like spaza shops. You can read the whole speech by clicking on this link.
Deputy Minister, Madala Masuku, interacted with members of the business community at the Ehlanzeni District in Nelspruit, Mpumalanga, when he attended an investment conference on 5 May 2015.
Held at the Floreat Hotel, the theme of the conference was “Unlocking Business Opportunities in Ehlanzeni”.
Opening his address, Mr Masuku reiterated government’s message regarding the recent attacks on foreign nationals. He told delegates that the South African economy relied on mutual trade relations with other countries, especially those comprising the rest of the African continent, for its success.
During the deliberations, the audience was given a green light on upcoming business opportunities, which would be created through envisaged development programmes, both at municipal and provincial levels.
Mr Masuku reminded the delegates that they should, in all their ventures, be mindful of the country’s development goals as set out in the National Development Plan, and ensure that more jobs were created constantly.
Economic Development Minister Ebrahim Patel addressed factory workers in Silverton, Pretoria, on 22 April 2015, as part of the government's campaign against attacks on Foreign Nationals.
View an article by Ntando Makhubu (2015, April 23). Local jobs at risk as violence hurts trade ties. Pretoria News, pp.2, here.
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EDD ANNUAL REPORT 2013 | 14
People's Report on The Economic Development Department 2013/14
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