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The DTI has failed business in exchange for being BBBEE politically correct! The Department of Trade and Industry have shown an astonishing naivete at best and total disregard at worst for business sustainability, in not extending current BBBEE certificates for at least a year, because of COVID-19.
Your valuable skills development training partnerships assist us with changing the lives of thousands of young South Africans. South Africa’s increasing unemployment levels are a huge threat to future economic growth and the overall prosperity of its citizens. Statistics South Africa’s most recent Quarterly Labour Force Survey shows the country’s unemployment rate climbed to 30.1% in the first quarter of 2020.
Youth unemployment is a national crisis affecting millions of South Africans. According to Stats SA, the burden of unemployment is concentrated amongst the youths (aged 15-34 years) as they account for 63,4% of the total number of unemployed persons in 2019.
Enterprise Development is the act of investing time and capital in helping people establish, expand or improve businesses. In turn, it helps people earn a living, rise out of poverty and achieve long-term economic growth. Any business operating in South Africa today is faced with the task of addressing the B-BBEE codes, of which the largest point allocation is for Enterprise and Supplier Development.