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In May, 2024, Microsoft AI Startup initiative and the DTIC agreed to a R1.32 billion investment for skills development in emerging technologies among black-owned SMMEs. The investment is intended to prepare South African startups for the "fourth industrial revolution".
The National Lottery was introduced to South Africa on 11 March 2000. At the time it was run by Uthingo. [citation needed]After a marketing effort that aimed to reach 80 percent of South African homes directly [5] more than 800,000 tickets were sold in the first day of availability [6] Nearly R70 million worth of tickets were sold in the first three weeks of operation.
On May 18, 2013, the world's largest one-ticket jackpot at the time, an annuity of approximately $590.5 million ($772 million today), was won by a Powerball ticket sold in Zephyrhills, Florida. [64] On June 5, Florida Lottery officials announced the winner who purchased the "quick pick" ticket at a Publix supermarket. [65]
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [3] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.
www.dti.gov.ph The secretary of trade and industry ( Filipino : Kalihim ng Kalakalan at Industriya ) is the head of the Department of Trade and Industry and is a member of the president’s Cabinet .
Ramon Mangahas Lopez is a Filipino businessman who served as the Secretary of Trade and Industry under the Duterte administration from 2016 to 2022. After his term as Department of Trade and Industry Secretary, he was elected as Independent Director of SM Investments Corporation (SMIC) on August 3, 2022.
In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5] In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data. [6] [7] In April 2021, the company began piloting its first payments product – Pay-ins. [8]
The minister is responsible for the development and implementation of industrial policy in South Africa. The ministry oversees 17 government agencies, providing for industrial funding, competition policy, black economic empowerment policy, consumer protection, trade policy and technical standards.