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South African Business 2024

Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted. Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.

Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.

A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted.

Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided.

South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.

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SPECIAL FEATURE<br />

The Chemical Industries Education and Training<br />

Authority, CHIETA, is establishing SMART Skills<br />

Centres around the country to boost training in<br />

digital skills.<br />

business owners (ED) which might be part of their<br />

supply chain (SD). The programmes often overlap,<br />

as it makes business sense for a large mining<br />

operation, for example, to have a successful local<br />

bus company supply its transport needs. The same<br />

would apply to cleaning and maintenance services,<br />

catering and many other categories. Given a steady<br />

client and a reliable income, these local businesses<br />

are much more likely to succeed in the long term<br />

and to create employment as they grow.<br />

So widespread have ED and SD programmes<br />

become that national awards are now presented<br />

annually. The <strong>Business</strong> Day Supplier Awards<br />

has no fewer than 11 categories and an overall<br />

winner. That winner in 2021 was Tiger Brands,<br />

whose R100-million Dipuno Enterprise and<br />

Supplier Development Fund impressed the<br />

judges and which was cited as an illustration<br />

of the best kind of collaboration between the<br />

private sector, government, mining houses and<br />

their pipeline partners.<br />

The financial sector has an important role in<br />

this environment. Old Mutual’s Masisizane Fund<br />

is geared to finance small, medium and microenterprises<br />

(SMMEs) and it is often to funds such as<br />

these that participants in SD programmes turn.<br />

Venetia Mine, a De Beers Group mine in northern<br />

Limpopo, has more than 50 SMMEs enrolled in<br />

incubation programmes and 34 locally owned<br />

companies are doing business with the mine. This<br />

kind of cooperation creates jobs and can lead to<br />

expansion. A woman-owned business which was<br />

supplying accommodation on the mine is now in<br />

the process of expanding into the nearby town in the<br />

form of a hotel which will be in a position to grow its<br />

clientele beyond visitors to the mine.<br />

Another example of collaboration across<br />

sectors that leads to employment is underway<br />

in the small Northern Cape town of Kuruman.<br />

Mining company Assmang is working with<br />

EduPower Skills Academy in a programme that<br />

combines skills training, enterprise development<br />

and community upliftment. Training is provided<br />

to potential call-centre operators while support is<br />

given to entrepreneur to set up a call centre. Once<br />

the trainees complete their 12-month learnerships,<br />

they are available to employed in the new business.<br />

The country’s biggest private sector youthemployment<br />

programme is YES4YOUTH. The idea<br />

is for private businesses and corporates to take in<br />

young people for 12 months of work experience.<br />

Run since 2019, the programme had by 2023<br />

reached the milestone of one-million placements.<br />

Curriculum relevance<br />

The old debate about how much broad education<br />

should be in a curriculum in contrast to how much<br />

skills training there should be, is a debate that won’t<br />

ever be resolved.<br />

What can be improved is the agility of<br />

educational and training institutions. When the<br />

economy needs new skills, how fast can the<br />

country’s training providers react?<br />

The Chemical Industries Education and Training<br />

Authority (CHIETA) is showing how it might be<br />

done. Recognising that <strong>South</strong> Africa is going to<br />

need specialists in green hydrogen, CHIETA has<br />

set out to focus on the kind of skills that this highly<br />

specialised economic sector is going to need. Few<br />

people know about electrolysers, fuel cells and<br />

the storage requirements of hydrogen. CHIETA<br />

has developed a list of 17 specific training and skill<br />

requirements as it anticipates that about 14 000<br />

jobs might be created in this new energy sector.<br />

Another body exhibiting flexibility is the<br />

Food and Beverages SETA, FoodBev SETA. In<br />

PHOTO: CHIETA<br />

23 SOUTH AFRICAN BUSINESS <strong>2024</strong>

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