Caterpillar and the South African Department of Trade and Industry (the dti) officially launched the largest ever Equity Equivalent Investment Program (EEIP) in the country. Caterpillar has committed to source components and related services in South Africa worth a total estimated value of approximately 1.3 billion Rand (about $96 million) over the next 10 years […]
The extreme unemployment in this country is the product of an economy that for several decades has been starved of any meaningful investment in its human capital, where most people have been denied the opportunity to own assets or develop skills. Programme Director, Minister of Labour, Ms Mildred Oliphant, Nedlac Executive Director, Mr Madoda Vilakazi, […]
Like so many South Africans, instead of going out to play, I stayed home on Friday night to watch our new president deliver his maiden State of the Nation Address. And like so many of my fellow citizens, I felt revitalised by President Cyril Ramaphosa’s commitment to setting our beloved country on a path of […]
South Africa is currently mulling over ideas and agreements that recently came out of a two-day jobs summit. The country is losing the battle against high joblessness. The latest figures show unemployment stood at 27.2% during the second quarter of this year. The number is much higher, close to 40%, when discouraged work seekers are […]
The Gauteng government led by Premier David Makhura hosted a very successful Economic Indaba in June to solicit inputs from various stakeholders on the draft Gauteng City Region’s (GCR) Economic Plan. Over 500 delegates representing business, labour and civil society attended the 2-day event.