illegal cigarette trade law enforcement

The Unseen Economic Impact of Illegal Cigarette Trade

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The illegal cigarette trade not only hurts the South African economy by depriving it of revenue but also fuels criminal activities. Recent seizures by the South African Police Service highlight the urgent need for collaboration between law enforcement and the public to combat this problem. A farmer’s vigilance led to a major seizure of illegal cigarettes worth R1.5 million, emphasizing the significance of citizen involvement. It is crucial to continue the fight against unlawful economic practices for a safer and more prosperous South Africa.

furniture manufacturing entrepreneurship

Embarking on a Revolution: The Journey of 14 Entrepreneurs in the Furniture Light Manufacturing Enterprise Development Programme

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The dawn of 5th December 2023 painted a regular picture of Cape Town, with its usual hustle and bustle. However, an extraordinary event was unfolding in the heart of the city. Fourteen ambitious entrepreneurs, all part of the Furniture Light Manufacturing Enterprise Development Programme, were ready to instigate a revolution in the furniture industry. Having successfully navigated the demanding rigours of the programme, they stood on the cusp of a thrilling new chapter.

Sustainable Mining

What is the Future of South African Mining and How Will it Affect the Economy?

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The mining industry has long been essential to the South African economy. This has not changed in recent years, with recent updates on the state of the industry showing that the impact of mining amounts to 7.53% of the nation’s GDP. That figure is up to date as of 2022 and was supplied by the South African Revenue Service (SARS), with Mineral Resources and Energy Minister Gwede Mantashe stating that the findings make for “a clear indication that mining remains a strong pillar of our economy.” As much as this statement appears to be correct, however, it has also become

south african economy soes

Minister of Public Enterprises and Deputy Minister’s Presentation on the 2023/24 Budget Vote

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On a sustainable path: stabilizing SOEs in South Africa The presentation given by Minister of Public Enterprises, Mr. Pravin Gordhan and Deputy Minister, Mr. Obed Bapela, on the department’s budget vote for 2023/24 was an important event for numerous reasons. SOEs play a crucial role in the South African economy and their stability is vital for the country’s economic growth and development.

africa travel indaba

Africa’s Travel Indaba: Rejuvenating the Tourism Sector through Skills Development and Connection

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The Africa’s Travel Indaba, held on May 10th, 2023, in Durban, provided an exceptional platform for stakeholders in the tourism industry to collaborate and establish meaningful connections. The Deputy Minister of Tourism, Mr. Fish Mahlalela, addressed the gathering, emphasizing the importance of networking and addressing skills shortages in the hospitality and tourism services sector.

safcol forestry

SAFCOL: A Key Player in the Forestry Sector

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Deputy Minister Obed Bapela’s recent visit to SAFCOL highlights the company’s importance as a significant player in the forestry industry. SAFCOL’s financial performance has significantly improved, and the company’s growth strategy aims to consolidate its position, maximize revenue, and profit growth in the future.

netflix south african creative industry

Netflix Invests in South African Creative Industry

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Streaming giant Netflix has pledged to inject R929 million into the South African creative industry, recognizing the potential of the country’s TV and film sector. Madeleine de Cock Buning, Netflix Vice President for Public Policy EMEA, views South Africa as an untapped opportunity for the company, having already created 7,000 jobs in the country. According to Buning, the TV and film industry has a significant impact on economic growth and jobs, playing a crucial role in the African economy.