Support for small black firms

first_img4 November 2003The department of trade and industry (DTI), 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.The programme aims to help black-owned enterprises develop their core competencies, upgrade their managerial capabilities and become more competitive through restructuring.The programme is an 80:20 percent cost-sharing cash grant incentive scheme that provides qualifying companies with access to business development services. It will fund businesses by up to 80 percent of their costs, to a maximum of R100 000.The programme will also foster links between black-owned companies and corporate and public sector enterprises, to complement affirmative procurement and outsourcing initiatives in these areas.Recipient companies will also benefit from the scheme by building their capacity to enable them to successfully compete for corporate and public sector tenders and outsourcing opportunities.All fees related to business development services, including travel and subsistence costs, will qualify for cost-sharing assistance in terms of the scheme. Costs for acquiring printed materials and software for implementing projects will also be covered, provided these do not exceed 50% of the total cost of the project.Companies will also select service providers of their own choice, subject to obtaining at least three competitive bids during the selection process.These incentives are targeted at projects that aim to improve the effectiveness of management systems of an enterprise, and to help the company enter into targeted markets.To qualify, a company must have a minimum trading history of one year, and also:Be majority black-owned (51% or more) and have a significant representation of black managers on its management team.Have maximum annual turnover not exceeding R12-million.Comply with commercial regulatory requirements applicable to its areas of business, including being registered with the Companies and Intellectual Property Registration Office and the SA Revenue Service.Application forms can be downloaded from the DTI website.For more information, contact the DTI customer centre at 0861 843 384.Source: Department of Trade and Industrylast_img read more


We steer Mandela’s course: Zuma

first_img9 May 2009Newly inaugurated South African President Jacob Zuma says his administration will stay true to the course of nation-building and reconciliation set by former president Nelson Mandela.Delivering his inaugural speech at the Union Buildings in Pretoria on Saturday, exactly 15 years from the day Mandela was elected South Africa’s first democratic president, Zuma said Mandela had healed the country’s wounds and firmly it as the “rainbow nation”.Mandela had “made reconciliation the central theme of his term of office,” Zuma said. “We will not deviate from that nation-building task. Thank you Madiba, for showing us the way.”Zuma hinted that this would be the theme of his presidency when, after being elected President in Parliament in Cape Town on Wednesday, he said: “As President of the Republic, I will do my best to lead the country towards the realisation of Madiba’s vision of a truly non-sexist, non-racial South Africa, united in its diversity.“With the support of my organisation the ANC, as well as all South Africans, I hope to lead the country on a path of friendship, cooperation, harmony, unity and faster change.”Mandela arrived at the Union Buildings earlier on Saturday wearing a heavy black overcoat and black-and-white shirt, aided by his wife Graca Machel.When Zuma arrived on the main stage set up for his inauguration, he got down on his knees to address Mandela as an elder.He also embraced Thabo Mbeki and his wife Zanele and, in his inauguration speech, paid tribute to the former president who, in 2005, fired him as deputy president of the country.Zuma said Mbeki had taken South Africa forward as a true statesman, while making a massive contribution to strengthening its democracy, economic growth and development.Mbeki “made our country an integral part of the continent and worked tirelessly for an African rebirth,” Zuma said. “Through his leadership, South Africa’s stature grew on the continent and globally.”Zuma also acknowledged South Africa’s former second deputy president, FW de Klerk, who worked with Mandela in the resolution of the apartheid conflict and participated in shaping a new South Africa.Finally, Zuma acknowledged outgoing President Kgalema Motlanthe, describing him as his friend, comrade and brother.He said Motlanthe – who took over as President last year, when Mbeki stepped down – had brought calm, stability and certainty to the government of the country during a period of great anxiety.Source: BuaNewslast_img read more


Serena Williams withdraws, No. 1 Naomi Osaka loses, Roger Federer wins at Miami

first_imgWintry storm delivers US travel woes before Thanksgiving Google Philippines names new country director Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next LATEST STORIES Bloomberg: US would benefit from more, not fewer, immigrants Colombia protesters vow new strike after talks hit snag While attendance in the stadium continued to be spotty, outer courts were jammed, and the day session drew a tournament record 32,831 spectators.Seeded losers on the men’s side included No. 10 Karen Khachanov, No. 21 Diego Schwartzman, No. 26 Guido Pella, No. 30 Stan Wawrinka and No. 31 Steve Johnson. In a game of inches, the 5-foot-6 Schwartzman lost to 6-foot-11 Reilly Opelka 6-4, 3-6, 6-4.Williams was next scheduled to play No. 18-seeded Qiang Wang, who advanced to the fourth round.Also reaching the women’s round of 16 was the 33-year-old Hsieh, who turned pro in 2001 but has achieved the two biggest victories of her career in the past nine months. Her only other win over a No. 1 player came against Simona Halep at Wimbledon last year.With two-handed groundstrokes from both sides, Hsieh was the steadier player from the baseline against Osaka. When Hsieh closed out match point with a forehand volley winner, she began to cry as the crowd applauded her performance.Osaka smiled when reminded it was the first time in 64 matches she lost after winning the first set.“I know — it’s depressing,” she said. “I was thinking about it right after I lost.”Osaka, 21, has won the past two Grand Slam tournaments. Williams, 37, still hasn’t won a tournament since the 2017 Australian Open, before she took a break of more than a year to become a mom. She has played only eight matches this year.Williams’ stay at the Miami Open was also brief last year, when she lost in the first round to Osaka. Friday’s match was Williams’ first since she retired from Indian Wells two weeks ago because of a viral illness. Osaka’s departure matched the earliest ever in the tournament by a top-seeded woman and jeopardized her No. 1 ranking, depending on results next week.“I feel like I’ve dealt with the stress of people asking me do I have pressure because I have the No. 1 next to my name,” Osaka said. “I thought I was doing fine with that, but I guess I’m not.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsRoger Federer briefly seemed headed for the exit but instead advanced to the third round by rallying past qualifier Radu Albot 4-6, 7-5, 6-3.“Radu put me through the ringer,” Federer said. Williams’ withdrawal was unexpected because she showed no signs of injury a day earlier while winning her opening match against Rebecca Peterson, 6-3, 1-6, 6-1. Williams didn’t mention any health issues during a news conference after the match, and the WTA had no information regarding when she was hurt.Williams’ victory Friday was her first at Hard Rock Stadium, the Miami Dolphins’ home and the Miami Open’s new center court. The tournament moved this year from Key Biscayne, where Williams won eight titles.“I am disappointed to withdraw,” she said in a statement. “It was an amazing experience to play at Hard Rock Stadium this year, and I would like to thank the Miami Open for putting on an amazing event. I hope to be back next year to play at this one-of-a-kind tournament in front of the incredible fans here in Miami.”Federer, a three-time champion, lost serve only once — in the first game — but was on the ropes until he swept the final three games, to the relief of an enthusiastic stadium crowd.“It was a great atmosphere,” Federer said. “It was electric. I think that’s why I played so well at the end.”ADVERTISEMENT View comments Trump tells impeachment jokes at annual turkey pardon event Tremont Waters’ drive beats Maryland, sends LSU to Sweet 16 Panelo: Duterte ‘angry’ with SEA Games hosting hassles Cayetano: Senate, Drilon to be blamed for SEA Games mess PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ Naomi Osaka, of Japan, kneels on the court during her match against Hsieh Su-Wei, of Taiwan, during the Miami Open tennis tournament, Saturday, March 23, 2019, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)MIAMI GARDENS, Fla. — The new site for the Miami Open suddenly is missing a lot of star power.Serena Williams withdrew Saturday, blaming a previously undisclosed left knee injury. Less than two hours later, top-ranked Naomi Osaka lost in the third round to tour veteran Hsieh Su-Wei of Taiwan, 4-6, 7-6 (4), 6-3.ADVERTISEMENT Private companies step in to help SEA Games hostinglast_img read more