National Development Agency in South Africa Forms Partnership with German Cooperative Raiffeisen Confederation

1 min read
south africa national development agency

The National Development Agency (NDA) in South Africa has established a partnership with the German Cooperative Raiffeisen Confederation (DGRV) to promote sustainable livelihoods and economic participation of the impoverished through community-based cooperatives. The partnership aims to provide necessary support and training to the cooperatives for integrated community programs that boost financial and economic inclusivity.

DGRV to Provide Consultancy and Aid in Developing Cooperative Systems

The DGRV is an apex cooperative body in Germany and has connections with over 30 countries worldwide. It provides consultancy and aid in developing cooperative systems and structures to promote financial and economic inclusivity. Its mission within the Southern African Development Community (SADC) in South Africa is to increase the number of cooperatively organized groups across different sectors.

NDA and DGRV MoU to Support the Development of Community-Based Cooperatives

The MoU between the NDA and DGRV recognizes the distinct and complementary roles of both the organizations. They are committed to supporting and facilitating the development of community-based cooperatives at the local government level. Specific projects will be jointly determined on a case-by-case basis. The overall objective is to provide sustainable economic participation to those excluded from the economy within poor communities.

Cooperative Model as a Solution to High Unemployment Rate

The partnership is expected to play a crucial role in reaching poverty eradication goals by providing sustainable income sources for impoverished communities. The cooperative model is viewed as the only solution to address the high unemployment rate, as it allows the production of quality consumables at a lower cost to compete in markets. Empowering cooperatives will stimulate the economy and create sustainable income sources, reducing dependency on government assistance.

NDA’s Turnaround Strategy for Poverty Eradication

The NDA’s partnership with DGRV aligns with its turnaround strategy to create more jobs and promote active participation within the mainstream economy. The partnership will provide the NDA with vast experience to execute its mandate and make a significant impact in reaching poverty eradication goals. A steering committee will monitor, evaluate and compile impact assessment reports to measure the projects’ success, especially the percentage of cooperatives that grow due to the support received from the MoU’s implementation.

Environmentalist and Outdoor Enthusiast. Amanda is a nature-loving, energetic, and enthusiastic environmentalist who has dedicated her life to exploring and protecting Cape Town's stunning natural landscapes. She is an experienced hiker, wildlife enthusiast, and advocate for sustainable tourism.

Leave a Reply

Your email address will not be published.

Previous Story

South African Mining Houses Urged to Register Tailings Dams for Compliance with Dam Safety Regulations

Next Story

The Crime Prevention Wardens (CPWs) Initiative in Gauteng Province

Latest from Blog

Collaborative Efforts to Enhance Tourism Safety in South Africa

South African Minister of Tourism, Patricia de Lille, recently convened a meeting with various stakeholders to address safety concerns in the tourism industry. The goal of this gathering was to discuss and develop an action plan that would address existing challenges and enhance the safety of tourists visiting South Africa.

SARAFINA!: A Timeless Film Honored at Cannes Film Festival

The Cannes Film Festival paid tribute to a classic piece of South African cinema this year. SARAFINA!, an iconic film, received a standing ovation at the prestigious festival, 31 years after its release. Producer Anant Singh and star Leleti Khumalo were present at Cannes for the historic moment. The film was screened in the Cannes Classics section.

Social Housing Company Wins Legal Battle Against Biased Magistrate

Communicare, a social housing company based in Cape Town, has recently won a legal battle against an allegedly biased acting magistrate who denied an eviction order in favor of the company. The company sought recourse through the Western Cape High Court, citing the Superior Courts Act, which contends that a presiding officer’s bias, malice, or corruption can lead to gross irregularities in proceedings.