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Changes to South Africa’s BEE

JOHANNESBURG – South Africa’s Black Economic Empowerment policy codes are set to change to become more inclusive and easier to understand.
eNCA spoke to consultants BRAW Transformation Outsourcing for their take on the industry.
For more on this story watch the video above.

– eNCA

Local small and medium sized enterprises to get R1 bn injection

Business Partners Limited has given SMEs an impressive financial boost, investing R1 billion by providing business infrastructure, advice and after care services. This is in an effort to improve the country’s economy. The company says it is finding that South African SMEs are still growing despite the challenges faced in the economic environment. It predicts that specialized businesses in fast changing industries such as Information Technology still have many opportunities to pursue.

World Bank: Entrepreneurship is the solution to curbing youth unemployment

Over the last 2 years there has been an increased focus on entrepreneurship as well job creation for the youth in Africa. South Africa is in the forefront of this, with the government scrambling to find ways to tackle chronic youth unemployment.

The Department of Trade & Industry hosted an economic dialogue yesterday to debate the issues and come up with solutions.

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Funds worth R4.6-trillion target state projects

via BD Live:

PRIVATE sector funds controlling R4.6-trillion are seeking ways to invest directly in government infrastructure programmes.
The move by the Association for Savings & Investment South Africa (Asisa), whose members include asset managers, life insurance companies and other collective investment schemes, comes as concerns grow that the regulatory requirements of Basel 3 will choke off banks’ ability to fund infrastructure projects.

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