The formal non-agricultural sector shed 3 000 jobs between December 2019 and March 2020, Statistics South Africa (Stats SA) announced on Tuesday.
Trade, Industry and Competition Minister Ebrahim Patel says to prepare for the post COVID-19 period, the department and its entities will focus all efforts towards saving firms and preserving jobs.
A call has been made to South Africans to support locally made products as part of efforts to jump-start the economy in the midst of the COVID-19 pandemic.
About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.
The Department of Trade and Industry (dti) is planning to take up equity in the country’s Special Economic Zones (SEZs), says Trade and Industry Deputy Minister Fikile Majola.
Barriers such as limited access to credit facilities, financial skills training, stereotypes and traditions continue to affect women-owned businesses’ full participation in the economy.
Government is committed to work with the steel industry to save jobs and has put in place measures to save the industry from collapsing, says the Department of Trade and Industry (dti).
The launch of the Yekani Manufacturing factory at the East London Special Economic Zone (ELIDZ) is expected to create at least 1 000 new jobs for the community.
The Department of Trade and Industry (dti) will on Thursday host a liquor industry transformation seminar in Midrand.