New Page 2
New Page 2

Economic Empowerment
Industrial Development
Trade, Export and Investment
Financial Assistance
Legislation and Business Regulation

Media Statements

Government Committed to Partnerships that will Uplift Local Economies - Magwanishe

The government is committed to partnerships that will uplift local economies and create much-needed jobs. This was said by the Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe during his engagement with entrepreneurs at Appelsbosch near, Pietermaritzburg. KwaZulu-Natal.

Magwanishe said the Department of Trade and Industry (the dti) was committed to partnering with the Departments of Small Business Development and Economic Development, as well as with various agencies like the Broad-Based Black Economic Empowerment Commission, National Empowerment Fund, Industrial Development Corporation, and Companies and Intellectual Property Commission to empower the business community in the Pietermaritzburg areas of Appelsbosch, Montebello, Ozwatini, Kwahlathikhulu, Nsuze and Bhamshela.

Magwanishe further made commitment to bring his department and other partners to the area. This was in response to the plea by the businesspeople who pointed out that they were committed to do business and contribute to the local economy, but needed assistance with access to market, finance and other business-related matters.

According to Magwanishe this workshop would assist them with issues related to market access, access to funding, incentive support, company registration, Black Economic Empowerment compliance, central supplier database and other areas of business.

“In pursuit of Radical Economic Transformation, the dti has developed a suite of incentives targeted at inclusive growth, producing black industrialists and access to lucrative opportunities for previously disadvantaged members of our communities,” said Magwanishe.

He further said it was important for the businesspeople to link agro-processing with farming in the area, for job creation. Though the department would train them export and help them access the external markets, he advised the businesspeople to explore the local market and fulfil its needs before looking at external markets.

Mangwanishe also joined the Deputy Minister of Telecommunications and Postal Services, Ms Stella Ndabeni-Abrahams and Deputy Minister of Economic Development Mr Madala Masuku to hand over three computer centres at the TVET College and 50 bicycles to learners from indigent households at Mjele Secondary School. The bicycles were donated by MTN as part of their 21 days of Y’ello Campaign. Magwanishe also officially opened the computer lab at the male residence that will assist students after hours at the TVET College.

Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe with Deputy Minister of Economic Development Mr Madala Masuku during the business engagement.

Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Issued by: The Department of Trade and Industry
Follow us on Twitter: @the_dti