Latest News & Developments
The fund, aimed at empowering and skilling South African-born spaza shop owners and other food handling businesses with training, skills, and funds to inject into their business, comes after spaza shop owners were given until February 28 to register their businesses following a wave of food-borne fatalities in Soweto and other parts of the country.
South African-born spaza shop owners are encouraged to cease leasing their businesses to undocumented immigrants, as a new R500 million support fund is introduced to empower local entrepreneurs.
Government ministers have unveiled a R500 million Spaza Shop Support Fund in Soweto, urging South African shop owners to stop leasing properties to undocumented immigrants. The initiative aims to return the township economy to local hands through financial support and skills development, with Minister Ndabeni-Abrahams revealing that only 53% of registered spaza shops are South African-owned.
Minister Parks Tau said sending the South African delegation to United States remains the correct approach, as announced by President Cyril Ramaphosa.
Minister Ronald Lamola warns that President Trump's new tariffs could severely impact South Africa's economy, nullifying the benefits of the Africa Growth and Opportunity Act.
Naamsa warns that the recent US tariffs could harm South Africa's automotive industry, threatening jobs and investment in a sector already facing significant challenges.
This fund, a joint effort by government departments, provides financial support to spaza shops and convenience stores essential to local communities.
Trade Minister, Parks Tau, expresses confusion over the US' newly imposed 30% tariffs on South African exports, highlighting potential economic disruptions in key sectors.
NUMSA President Andrew Chirwa has called for economic transformation in South Africa, criticising the current system that favours 'white monopoly capital' while condemning the working class to poverty.
A 50-month delay in processing a simple tariff increase application has led to the closure of South Africa's groundnut roasting industry, highlighting the devastating impact of bureaucratic inefficiency on local businesses.
"Parliament demands answers as Trade Minister Parks Tau faces scrutiny over the controversial one-year postponement of the National Lottery licence tender process. The R180 billion tender delay raises concerns about ministerial involvement and operational transparency
The South African film and television industry is in crisis, grappling with delays in rebate approvals and inadequate communication from the DTIC, leading to significant economic repercussions.
The Health Funders Association endorses new healthcare tariff regulations while emphasising the need for flexible approaches to maintain quality care and innovation in South Africa's medical schemes.
South Africa introduces groundbreaking healthcare reforms through a new multi-stakeholder tariff framework, aimed at making private healthcare more accessible and affordable. The initiative addresses rising medical costs and over-utilisation while promising better regulation of the healthcare sector.
South Africa's private healthcare sector faces major reforms as Health Minister reveals how unregulated pricing has led to escalating costs affecting millions of citizens.
South Africa's private healthcare costs could see major changes as Minister Parks Tau announces a new tariff framework aimed at making medical care more affordable. The public now has a crucial opportunity to shape these reforms that could affect millions of South Africans' access to healthcare.
The Democratic Alliance reminded the African National Congress (ANC) that the Government of National Unity (GNU) was established not by the ANC but by the voters.
The lack of access to finance experienced by many black South Africans remains a concern.
The fund will offer equity funding, debt and grants to accommodate different needs of the intended target beneficiaries.
South Africa's Department of Trade, Industry, and Competition unveils plans for a R100 billion Transformation Fund aimed at fostering inclusive economic growth through black-owned businesses. But will this ambitious initiative drive real change or become another failed government project?
South Africa prepares to showcase its economic progress and G20 Presidency at the World Economic Forum 2025 in Davos, with key insights from Ministers Parks Tau and Enoch Godongwana.
South African government and business leaders prepare to present a unified message at the World Economic Forum in Davos, highlighting economic progress and successful public-private partnerships. Finance Minister Godongwana leads delegation with optimistic outlook despite recent challenges.
The Competition Commission's Fresh Produce Market Inquiry has revealed concerning levels of market manipulation and lack of transparency in South Africa's fresh produce sector. African Rainbow Capital faces divestment recommendations due to substantial cross-shareholdings in major market players.
Trade, Industry and Competition Minister Parks Tau has postponed his decision on the awarding of the fourth National Lotteries license pending the consideration of matters he said required further evaluation.
Trade, Industry, and Competition Minister Parks Tau lauded the appointment as a historic milestone for South Africa