TymeBank’s rapid customer growth

A mere 18 months into existence and TymeBank has raked in three significant international accolades, owing to its strong value proposition to consumers.It is the same value proposition which has seen the bank consistently onboarding just over 100 000 customers each month. The bank has previously set an ambitious goal of achieving 2 million customers by the end of December 2020. As a result of the strong customer demand for TymeBank’s products and services, the bank is now likely to achieve the milestone of 2 million customers by the end…

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MORE JOBS CREATED THROUGH COOPERATIVES

Starting a cooperative with only five (5) members was not an easy task for Gladys Ngozo, but eight years later, the ‘Amazebra Dignity Pack Cooperative’ based in Etwatwa, Ekurhuleni has grown to employ over 75 women. The 59-year-old lady from Emaphupheni says in August 2012, she gathered women from her community because she saw a skills gap. She then registered her cooperative with the Gauteng Department of Social Development with a sole aim to assist with the production of dignity packs and help women in her area to generate an…

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Reducing youth unemployment in spite of global pandemic

According to statistics from Trading Economics the youth unemployment rate in South Africa – before the COVID-19 outbreak – decreased to 58.10 percent in the fourth quarter of 2019 from 58.20 percent in the third quarter of 2019. This small margin is definitely not something to be celebrated; especially considering the after-effects of this pandemic on the global economy in the first half of this year. One of the challenges faced by this country’s youth has been to secure employment after graduating as companies are always looking for candidates with…

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A young woman in cookware business

We all have different ways of hustling and making ends meet.Matshepo Motaung, from Vosloorus has her ways too and that is to sell cookware sets for those who love to spend time in the kitchen. She loves to cook herself,that’s why it was easier to sell cookware sets. Lack of Job pushed her to start selling. Matshepo wanted to do something with her life rather than to sit and do nothing. “I know how to sell and it is what I’m good at even my clients will tell you that…

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Selling make-up kits

All things associated with beauty is what interests her and she has found her passion in it.  Petunia Maseko from Buhle Park in Germiston, decided to turn her love for beauty into a business by selling make-up kits for those who love skincare products. A mother to a three-year-old daughter started her business to make ends meet, and also make a living out of her passion. She’s been selling for over four years and continues to be the entrepreneur that she is. Being her own brand, she represents her business…

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HAIRDRESSERS NOT ALLOWED TO WORK

By Mamello MailaThe Uniting Hairdressers and Beautician Association of Africa is determined to help people intheir industry by ensuring they survive once lockdown restrictions are lifted. The beauty industry is still in the hardest hit, as they cannot operate while the country moved into level three of lockdown.The Uniting Hairdressers and Beautician Association of Africa (UHBAA) continues to helpentrepreneurs register their business. “Our intention is to do as much administrative work as we can during this period so that most of our members can be registered by the time we…

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EKURHULENI TO TABLE 2020/21 BUDGET

The Member of Mayoral Committee (MMC) for Finance and Economic Development Cllr Nkosindiphile Xhakaza, will on Thursday, 25 June table the Budget and Integrated Development Plan (IDP) for the 2020/2021 financial year at the Germiston Council Chamber through virtual platforms. Councillors will participate in the Council sitting remotely through virtual connection. Following public participation processes with the citizens of Ekurhuleni, MMC Xhakaza will among other things outline how the city will continue to ensure that poverty and unemployment is addressed through inclusive economic growth in Ekurhuleni. THE DETAILS FOR TABLING…

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BUDGET PUBLIC PARTICIPATION EXTENDED

The closing date for comments on the City’s draft 2020/21 reviewed Integrated Development Plan, Multiyear budget and related documents listed below has been extended to 08 June 2020. The following documents are available on the website City’ website: 1. 2020/21 Integrated Development Plan 2. Draft 2020/21 – 2022/23 MTREF 3. Draft budget related policies 4. Proposed tariffs 5. 2020/21 Draft Built Environment Performance Plan This year, due to Covid-19, public participation is through digital platforms. This is in response to Directions No 43291 issued by the Minister of Corporate Governance…

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MUNICIPALITIES ARE NOT READY FOR LEVEL 3

The South African Municipal Workers’ Union (SAMWU) has noted government’s decision to lower lockdown restrictions and move the country to level 3. SAMWU appreciates and fully supports of government’s efforts of balancing the economy and public health.Following government’s announcement, municipalities have begun recalling all workers to return for duty as of June 1. We have noted with great concern that municipalities were never ready for lockdown level 5 and 4, there is therefore no reason for us to believe that they will be ready for a more relaxed level 3…

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Relief fund not enough

The Democratic Alliance (DA) in Gauteng welcomes the assistance that has been given to small businesses in the province since the start of the national lockdown on 26 March 2020. However, the R40 million that has been set aside to assist small businesses is too little to make a dent in the suffering of businesses, informal traders and spaza shops. During a question and answer session in the Gauteng Provincial Legislature (GPL) on Tuesday, the MEC for Economic Development, Morakane Mosupyoe revealed that the department aims to provide support to 4000 informal traders, small businesses and…

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