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The Bellville Business Expo recently took place at the University of Stellenbosch Business School’s Bellville Park Campus, showcasing an array of small businesses from various sectors. The event was organized by the Mayoral Committee Member for Economic Growth, Alderman James Vos, in partnership with the Greater Tygerberg Partnership (GTP).
The Free State Provincial Government is taking steps to invite both local and foreign investors to invest in renewable energy projects, specifically solar photovoltaic (PV) endeavors. The aim is to tackle South Africa’s energy crisis and mitigate the devastating effects of load shedding. Thabo Meeko, MEC for the Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA), recently held discussions with representatives from small, medium and microsized enterprises (SMMEs), councilors, and other social partners in Kopanong Local Municipality.
On June 5, the Atlantis Special Economic Zone (ASEZ) held an official groundbreaking ceremony for the civil infrastructure construction in zone 1. The project marks a significant step forward in the development of the Western Cape’s green energy sector. ## A Dedicated Hub for Green Technology and Renewable Energy
During the recent budget vote presentations in the North West Province, three major departments outlined their proposals for the upcoming financial year. ### Department of Economic Development, Environment, Conservation, and Tourism
The Lesotho Highlands Water Project is a crucial infrastructure project in Africa that has provided significant benefits to both Lesotho and South Africa. The project has brought together the water resources of the highlands of Lesotho with the water needs of the economically powerful Gauteng Province in South Africa.
The Slave Route Challenge in Cape Town has a multifaceted significance, extending beyond a mere sporting event. The challenge not only commemorates the past but also contributes to the city’s economic development, encourages social cohesion and reconciliation, and raises awareness by serving as a platform for education.
Deputy Ministers Conduct Comprehensive Assessment of the Freeport Saldanha Industrial Development Zone Deputy Minister in the Presidency for Planning, Monitoring, and Evaluation, Pinky Kekana, and Deputy Minister of Public Works and Infrastructure, Bernice Swarts, recently conducted a comprehensive assessment of the innovative Freeport Saldanha Industrial Development Zone. The strategic initiative showcases a promising model for economic development and empowerment that aligns with the District Development Model (DDM).
Cape Town’s Mayor, Geordin HillLewis, has announced that the city’s unemployment rate has dropped by four percentage points yearonyear, boasting the lowest unemployment rate among South Africa’s metros. Despite the progress, the Mayor acknowledged that much work remains in fostering further economic growth and alleviating poverty through job creation.
Dr. Nobuhle Nkabane, the Honourable Deputy Minister of Mineral Resources and Energy, recently delivered the 2023/24 Budget Vote speech, outlining the key goals and initiatives for South Africa’s mining and energy industries. ### Transformation, Empowerment, and Sustainable Growth
A recent event brought together African Ministers and tourism leaders to discuss the opportunities and challenges facing the continent’s tourism sector. Minister Patricia De Lille of South Africa delivered an impassioned speech highlighting the potential of tourism as a catalyst for change and inclusive growth in Africa.
The Growth for Jobs Tourism Challenge Fund is a significant development in South Africa’s tourism industry, providing a muchneeded boost for the sector. This proactive move by the Western Cape Province’s Department of Economic Development and Tourism (DEDAT) aims to help the tourism industry recover from the pandemic’s impact and ensure longterm growth.
The Oceans Mall, located in Umhlanga, KwaZuluNatal, South Africa, has been making waves in the retail industry since its opening in November 2022. The mall, developed by businessman Vivian Reddy, has been called the “Dubai in Durban” and has been described as a “game changer” for KwaZuluNatal.
