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.
Deputy Minister of Economic Development, Madala Masuku, visited Bloemfontein, Free State, to interact with different stakeholders and discuss economic development initiatives.
He met local authority representatives and business operators to thrash out how best to implement and reach the targets the country has set itself as per strategic policies such as the National Development Plan and New Growth Path.
He told the local councilors in all projects undertaken by municipalities that key decision-makers must assess whether these projects would create more jobs for South Africans or not.
He also visited a number of small business operators to find out what their challenges were and how best the government could assist them to grow their businesses, so that they can make a meaningful contribution to the development of our economy.
View a selection of photos from the Deputy Minister's visit on EDD's FlickR page.
A new factory premises making fashionable women’s shoes was opened in Parow industrial area by Minister of Economic Development, Ebrahim Patel.
The factory, Chic Shoes, was started by a black woman, Rachmat Thomas in 2004 and now employs 300 workers. Minister Patel opened the new building that the company bought with the support of national government financing, to expand their manufacturing facilities.
“In the next two years, the company plan to expand with 240 more workers, creating a large new industrial capacity,” Minister Patel said. He recounted the strong partnership between the company and government, with funding provided by the Industrial Development Corporation (the IDC) and a production incentive grant made available from national government.
View more photos on Flickr
EDD ANNUAL REPORT 2013 | 14
People's Report on The Economic Development Department 2013/14
Unemployment rate 24.3%
Absorption rate 43%
Participation rate 56.8%
Formal sector non-agriculture employment (q\q %) 1.5%
Formal sector non-agriculture gross earnings (q\q %) 4.6%
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