Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.
OVERVIEW Development
OVERVIEW Development finance and SMME support Public and private funding is available for entrepreneurs. National government has created an agency to spur the development of SMMEs, the Small Enterprise Finance Agency (Sefa), which falls under the Industrial Development Corporation. The IDC provides finance across a range of sectors from agriculture to tourism. The Small Enterprise Development Agency (Seda) is an agency of the National Department of Small Business Development, and gives nonfinancial support to entrepreneurs through training, assistance with filling in forms, marketing and creating business plans. It helps small businesses draft applications for loan finance. Several of Seda’s technology incubators are in Gauteng. The Masisizane Fund offers loan financing at good rates and training through its Business Accelerator programme. As a non-profit initiative of the Old Mutual Group, the fund focusses on the cash flow of potential businesses rather than insisting on security in the form of property or something similar. All the major banks have SMME offerings. Standard Bank’s Community Investment Fund (CIF) initiative extends loans to informal businesses. The CIF has distributed more than R7-million to more than 630 businesses through its six funds in three provinces. Nedbank has an enterprise-development product that supports businesses with a turnover up to R35-million with at least 25% black ownership. The Shanduka Black Umbrellas incubator helps entrepreneurs convert their good ideas to sustainable business practice. DRA Minerals is putting R3.8-million into the programme over two years. Anglo American Zimele, which runs four enterprise development and investment funds, helps start and expand SMMEs. Since the CONTACT INFO Gauteng Growth and Development Agency: www.ggda.co.za Industrial Development Corporation: www.idc.co.za National Empowerment Fund: www.nefcorp.co.za Small Enterprise Development Agency: www.seda.co.za Small Enterprise Finance Agency: www.sefa.org.za Unemployment Insurance Fund: www.labour.gov.za SECTOR INSIGHT The Gauteng Provincial Government spent R6-billion in townships in 2016. introduction of enterprise hubs, the number of projects has grown very quickly and Zimele has processed more than R500-million in loans and two applications are received every day. One of Zimele’s small business hubs operates out of Vanderbijlpark. The Gauteng Provincial Government spent R6-billion in townships in 2016, in a deliberate attempt to get those areas into the mainstream economy. A total of 2 800 township enterprises are now selling goods or services to the government. The goal of the provincial government, with its partners Harambee Youth Employment Accelerator and various private sector companies such as Microsoft, is to reach half-amillion young people through the Tshepo 500 000 programme by 2019. The City of Johannesburg has established seven SMME hubs where office space, Wifi and advice and training are available. GAUTENG BUSINESS 2017/18 68
Language barriers. 9.8 million injury free man-hours. Minimal infrastructure. Political instability. A 7.2 Mtpa gold plant delivered 3 months ahead of schedule. Impossible? Not for DRA. Kibali Gold in the DRC produces 600 000 oz of gold every year. Acknowledging the community, 4000 homes were saved and relocated. Started in 2012, completed in 2014, three months ahead of schedule with exceptional safety statistics, under budget for our client. DRAglobal.com Extraordinary Possibilities
