Vutivi
  • Business
    Six year old author Nontsikelelo Phume

    Six year old guide to entrepreneurship

    Minister Stella Ndabeni-Abrahams

    Youth Fund gives entrepreneurs hope

    Deputy President Paul Mashatile during G20 roundtable discussion

    Youth SMEs demand for G20 action in South Africa

    Minister Parks Tau

    New E-commerce platforms to boost local businesses

    Dipitsa Tsa Mologadi Director Moshadi Mphela

    Traditional catering business aims for national recognition

    South Africa moves to open oil & gas sector to youth

    Youth being empowered by a mall

    Youth Month campaign has empowered entrepreneurs

    Community members who benefitted from Canyon Coal mining company

    Canyon Coal gives youth-owned start-ups a boost

    Gauteng’s economic outlook puts small enterprises at the centre

    Proudly South Africa helped SMMES Understand the laws that govern labor laws. Photo: Pexels.

    Proudly SA empowers SMEs about legal tools

  • Agriculture
    Township community use backyard land to plant vegetables for profit

    Township micro-farms feed Gauteng’s economy

    MEC of North West for Agriculture and Rural Development :Madoda Sambatha

    Smart farming initiative raises youth agribusiness’s hopes

    Chris Chaka, the Gauteng head of the Land Bank

    Land Bank’s blended finance to assist farmers

    Rising diesel prices could affect small businesses badly

    Diesel rebate review puts fuel intensive businesses on edge

    Actress Asavela Mqokiyana shares her story about how she got into sustainable Farming.
Supplied

    From acting to farming, Mqokiyana’s passion grows

    Foot and mouth disease affecting farmers

    Cattle farmers reeling over foot and mouth outbreak

    Masabata Sebusi, co-founder of Agrivuno

    New initiative offers farmers growth opportunities

    A new project aims to help cannabis growers and SMEs to enter the formal market

    Rural enterprises to benefit from marijuana university project

  • Innovation
    Mulilo Renewable Energy LTD proves that there's energy market in South Africa.

    Mulilo is powering South Africa’s energy revolution

    The founder and CEO of Q4ME Vuledzani Mathavha

    Q4ME turns the hassle of queuing into a business opportunity

    Business analyst James Mavundla who launched Agrowex

    Agrowex App bridges farmer market gap

    Coin powered connectivity delivers easy profits for small businesses

    Portable power station by Vincent Mosebe

    Innovator develops portable station to power up SMEs

    Lillian Barnard, president for Microsoft Africa. Picture: Microsoft

    Empowering SMMEs through AI: Microsoft’s new vision

    AI-driven disinformation becoming a threat

    How businesses can fight back against cybercrime

    Owen Lekala

    Innovative transport app set to expand

    Online marketing platform made for SMMEs

    Gcina Madonsela, Business Development Executive at SME South Africa

    Technology is reshaping small business sector

  • Finance
    Reserve Bank Governor Lesetja Kganyago with finance minister Enoch Godongwana Picture : Reserve Bank

    Consumers and businesses battle as inflation rises

    MEC Lebohang Maile during his budget vote at Gauteng Legislature

    Gauteng’s budget offers strategic investment in SMEs

    South African National Parks, in partnership with Sanlam, offers an interest-free loan program at Table Mountain in Cape Town. Photo: Facebook.

    More businesses to benefit from SANParks loan deal

    Finance Minister Enoch Godongwana

    R402 billion budget could open doors for construction SMEs

    Small Business Finance Development Agency has helped an entrepreneur to secure funding to invest in a filling station. Pic: Shell

    Franchise funding for entrepreneurs

    SMEs happy with Limpopo budget

    Limpopo Budget: hope for small businesses

    GEP deputy chairperson Phosane Mngqibisa

    Gauteng increases support for small businesses to access funds

    Heineken is investing in a malting plant

    Heineken’s R1.9bn investment set to boost local barley farmers

    Finance Minister Enoch Godongwana. Picture: GCIS

    Value Added Tax hike has SMMEs worried

    Finance Minister Enoch Godongwana to deliver revised budget

    Revised Budget 2025: What SMMEs Expect

  • Tourism
    G20 Tourism Hackathon

    Tourism enterprises call on hackathon to help bridge digital divide

    The Unveiling of the Kgodumodumo Dinosaur Interpretation Centre in the Free State

    Kgodumodumo Centre boosts tourism and empowers SMMEs

    Tourism companies eye opportunities in digital visa surge

    Astrotourism is emerging as a promising niche for the sector

    Space-related tourism offers economic lift-off for entrepreneurs

    Borutho Tours and travel is ready to give tourists a taste of Limpopo hospitality.

    Tourism campaign targets visitors to ignite economic growth

    Gen Zs attended tourism indaba in numbers

    Gen Z takes the lead on SA Tourism

    Small businesses at Tourism Indaba

    Indaba 2025 – a win for Africa’s tourism sector

    KwaZulu-Natal businesses seek growth at Africa Travel Indaba

    Small business owners at tourism indaba

    Travel indaba a mixed bag for tourism sector businesses

  • Advertise
No Result
View All Result
Vutivi
  • Business
    Six year old author Nontsikelelo Phume

    Six year old guide to entrepreneurship

    Minister Stella Ndabeni-Abrahams

    Youth Fund gives entrepreneurs hope

    Deputy President Paul Mashatile during G20 roundtable discussion

    Youth SMEs demand for G20 action in South Africa

    Minister Parks Tau

    New E-commerce platforms to boost local businesses

    Dipitsa Tsa Mologadi Director Moshadi Mphela

    Traditional catering business aims for national recognition

    South Africa moves to open oil & gas sector to youth

    Youth being empowered by a mall

    Youth Month campaign has empowered entrepreneurs

    Community members who benefitted from Canyon Coal mining company

    Canyon Coal gives youth-owned start-ups a boost

    Gauteng’s economic outlook puts small enterprises at the centre

    Proudly South Africa helped SMMES Understand the laws that govern labor laws. Photo: Pexels.

    Proudly SA empowers SMEs about legal tools

  • Agriculture
    Township community use backyard land to plant vegetables for profit

    Township micro-farms feed Gauteng’s economy

    MEC of North West for Agriculture and Rural Development :Madoda Sambatha

    Smart farming initiative raises youth agribusiness’s hopes

    Chris Chaka, the Gauteng head of the Land Bank

    Land Bank’s blended finance to assist farmers

    Rising diesel prices could affect small businesses badly

    Diesel rebate review puts fuel intensive businesses on edge

    Actress Asavela Mqokiyana shares her story about how she got into sustainable Farming.
Supplied

    From acting to farming, Mqokiyana’s passion grows

    Foot and mouth disease affecting farmers

    Cattle farmers reeling over foot and mouth outbreak

    Masabata Sebusi, co-founder of Agrivuno

    New initiative offers farmers growth opportunities

    A new project aims to help cannabis growers and SMEs to enter the formal market

    Rural enterprises to benefit from marijuana university project

  • Innovation
    Mulilo Renewable Energy LTD proves that there's energy market in South Africa.

    Mulilo is powering South Africa’s energy revolution

    The founder and CEO of Q4ME Vuledzani Mathavha

    Q4ME turns the hassle of queuing into a business opportunity

    Business analyst James Mavundla who launched Agrowex

    Agrowex App bridges farmer market gap

    Coin powered connectivity delivers easy profits for small businesses

    Portable power station by Vincent Mosebe

    Innovator develops portable station to power up SMEs

    Lillian Barnard, president for Microsoft Africa. Picture: Microsoft

    Empowering SMMEs through AI: Microsoft’s new vision

    AI-driven disinformation becoming a threat

    How businesses can fight back against cybercrime

    Owen Lekala

    Innovative transport app set to expand

    Online marketing platform made for SMMEs

    Gcina Madonsela, Business Development Executive at SME South Africa

    Technology is reshaping small business sector

  • Finance
    Reserve Bank Governor Lesetja Kganyago with finance minister Enoch Godongwana Picture : Reserve Bank

    Consumers and businesses battle as inflation rises

    MEC Lebohang Maile during his budget vote at Gauteng Legislature

    Gauteng’s budget offers strategic investment in SMEs

    South African National Parks, in partnership with Sanlam, offers an interest-free loan program at Table Mountain in Cape Town. Photo: Facebook.

    More businesses to benefit from SANParks loan deal

    Finance Minister Enoch Godongwana

    R402 billion budget could open doors for construction SMEs

    Small Business Finance Development Agency has helped an entrepreneur to secure funding to invest in a filling station. Pic: Shell

    Franchise funding for entrepreneurs

    SMEs happy with Limpopo budget

    Limpopo Budget: hope for small businesses

    GEP deputy chairperson Phosane Mngqibisa

    Gauteng increases support for small businesses to access funds

    Heineken is investing in a malting plant

    Heineken’s R1.9bn investment set to boost local barley farmers

    Finance Minister Enoch Godongwana. Picture: GCIS

    Value Added Tax hike has SMMEs worried

    Finance Minister Enoch Godongwana to deliver revised budget

    Revised Budget 2025: What SMMEs Expect

  • Tourism
    G20 Tourism Hackathon

    Tourism enterprises call on hackathon to help bridge digital divide

    The Unveiling of the Kgodumodumo Dinosaur Interpretation Centre in the Free State

    Kgodumodumo Centre boosts tourism and empowers SMMEs

    Tourism companies eye opportunities in digital visa surge

    Astrotourism is emerging as a promising niche for the sector

    Space-related tourism offers economic lift-off for entrepreneurs

    Borutho Tours and travel is ready to give tourists a taste of Limpopo hospitality.

    Tourism campaign targets visitors to ignite economic growth

    Gen Zs attended tourism indaba in numbers

    Gen Z takes the lead on SA Tourism

    Small businesses at Tourism Indaba

    Indaba 2025 – a win for Africa’s tourism sector

    KwaZulu-Natal businesses seek growth at Africa Travel Indaba

    Small business owners at tourism indaba

    Travel indaba a mixed bag for tourism sector businesses

  • Advertise
No Result
View All Result
Vutivi
No Result
View All Result

Coega spends millions in SME procurement

by Moipone Malefane
May 30, 2024
in Business
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare via Email

By: Noxolo Majavu

A total of R1.0 billion has been spent on procuring from smaller businesses by the Coega SMME Development Programme, which is linked to the Coega Development Corporation’s Special Economic Zone (SEZ) in the Eastern Cape. It was announced this week that R501.8 million was spent on SMMEs owned by black men in the 2023/24 financial year, R364.5-million on SMMEs owned by black women, and over R97.9 million on those owned by youth.

“This achievement equates to 69.42% of the total spend for the year and relates to the overall spend allocated to SMMEs across the organisation’s diverse infrastructure development portfolio, which includes the Department of Health, the Department of Education, and the Department of Public Works and Infrastructure, amongst others,” reads a media statement.

Meanwhile, Coega’s SMME Development Programme Manager, Unathi Maholwana explained that over R400 million was reported in the last quarter of the financial year, representing 40% of the total spend.  “We have a strategic outcome which speaks directly to increasing economic opportunities for the marginalised through, amongst other programs, advancing the meaningful economic participation and gainful employment of SMMEs,” Maholwana explained.

In addition to developing and operating the 9,003ha SEZ and Nelson Mandela Logistics Park in the Nelson Mandela Bay Municipality, Coega also facilitates as an implementation agent on various government contracts for a range of infrastructure and facility maintenance projects. During the 2023/24 financial year, Coega trained 150 SMME beneficiaries across various skill sets to the value of over R320,000.

“Coega’s SMME Development Programme places a strong emphasis on the training and upskilling of beneficiaries. Our training focused mainly on Construction Supervision NQF level 4 and New Venture Creation NQF level 2,” added Maholwana. The SMME programme facilitates the growth of small to medium-sized businesses during the construction process of various infrastructure projects.

Speaking on how SEZs could be beneficial to SMMEs, Cosatu Parliamentary coordinator Mathew Parks said that these zones could elevate smaller businesses by pooling together critical infrastructure, support, resources, value chains, customers, and skilled workers needed by emerging businesses to grow. Parks added that SEZs were key to growth in emerging economies such as China and Vietnam.

However, impediments to SMME growth could include geographic inaccessibility, a lack of awareness, insufficient financial capital, and a fear of not attracting customer orders. “The government needs to ensure SEZs are supported by access to infrastructure, including ports, rail, and roads, as well as electricity, water, and security, are close to workers, and have in place potential customers and access to credit,” Parks noted.

He also said that the current SEZs were still mostly in their infancy and needed more support and attention, including from the private sector, as the government on its own could not do everything. “Whilst we welcome such initiatives, it’s important they include the needs of workers to earn a living wage, to have their labor rights protected, and create jobs and investments for local communities,” Parks said.

Tags: Coega SMMESMME Development ProgrammeUnathi Maholwana
Previous Post

Whoever wins the elections needs to do more for SMMEs

Next Post

Monate CEO remains optimistic despite funding challenges

Moipone Malefane

Moipone Malefane

Related Posts

Six year old author Nontsikelelo Phume

Six year old guide to entrepreneurship

July 3, 2025
Minister Stella Ndabeni-Abrahams

Youth Fund gives entrepreneurs hope

July 3, 2025
Deputy President Paul Mashatile during G20 roundtable discussion

Youth SMEs demand for G20 action in South Africa

July 4, 2025
Load More
Next Post
Mokamoshega Monate CEO James Matshubeng

Monate CEO remains optimistic despite funding challenges

Funding & poor infrastructure obstructing KZN businesses

Mastercard EdTech conference to champion SMMEs

Information Inspiration Education | AnalysisSouth Africa's best news resource for micro-businesses and township entrepreneurs.
Follow Vutivi Business News on WhatsApp

FEATURED POST

Reserve Bank Governor Lesetja Kganyago with finance minister Enoch Godongwana Picture : Reserve Bank

Consumers and businesses battle as inflation rises

July 3, 2025
Six year old author Nontsikelelo Phume

Six year old guide to entrepreneurship

July 3, 2025
Minister Stella Ndabeni-Abrahams

Youth Fund gives entrepreneurs hope

July 3, 2025
G20 Tourism Hackathon

Tourism enterprises call on hackathon to help bridge digital divide

July 3, 2025

Vutivi is a digital business news platform that will serve the Small Medium Micro Enterprises in the form of writing stories that will be informative about their sector. We pledge to deliver a commercially sustainable, world-class digital financial and business news service that is a must-read while being responsive to readership needs and tailor-making packages for SMMEs.

Categories

  • Agriculture
  • Analysis
  • Business
  • Finance
  • Innovation
  • Top story
  • Tourism

Get in Touch

Email

news@vutivibusiness.co.za

© 2025 Vutivi. All rights reserved. Website by AIPX Atelier

Advertise / Privacy Policy / Contact

No Result
View All Result
  • Business
  • Agriculture
  • Innovation
  • Finance
  • Tourism
  • Advertise

© 2024 Vutivi // Website by AIPX Atelier.

We want to get to know you!
Take the Vuitivi Business News reader survey
AI generated image of Vutivi readers