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The Department of Small Business Development (DSBD) is one of the ministries of the South African government. It was established in 2014 to support small businesses and cooperatives. [2] The current political head of the department is the Minister of Small Business Development, Stella Ndabeni-Abrahams who replaced Khumbudzo Ntshavheni in 2021. [3]
President Jacob Zuma announced the formation of the new Small Business Development Ministry on 25 May 2014. [1] Its purpose was to promote and develop small businesses and co-operatives by focusing on both economic incentives and legislation so as to stimulate entrepreneurship in South Africa and transform the lives of economically disadvantaged people.
The minister of economic development is a minister in the Cabinet of South Africa. Effective from 29 May 2019, the Ministry of Economic Development has been amalgamated with the Ministry of Trade and Industry to form the Ministry of Trade, Industry and Competition .
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".
Stella Tembisa Ndabeni-Abrahams (born 30 June 1978) is a South African politician who is currently serving as the Minister of Small Business Development since 5 August 2021. She previously served as Minister of Communications and Digital Technologies from November 2018 to August 2021.
The Department of Economic Development was the department of the South African government responsible for economic policy, economic planning and economic development. It was established in 2009 after the election of President Jacob Zuma. From 2009 to 2019, the Minister of Economic Development was Ebrahim Patel and his deputy is Madala Masuku.
The QSE Enterprise Development score is calculated in terms of contribution towards enterprise development activities. These are contributions aimed at facilitating the sustainable growth or establishment of new "black owned" enterprises. The goal is that a measured entity spend 2% of its Net Profit After Tax (NPAT) on enterprise development ...
The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the Government of South Africa.The bank intends to "accelerate sustainable socio-economic development in the Southern African Development Community (SADC) by driving financial and non-financial investments in the social and economic infrastructure sectors".