GQ News

25/12/2025

In a recent statement, Chinese Foreign Ministry spokesperson Guo Jiakun expressed support for South Africa's participation in G20 cooperation. China looks forward to partnering with South Africa and other G20 members to uphold multilateralism, foster global economic growth, and enhance international economic governance. South Africa’s largest trading partner is China, with bilateral trade reaching an estimated $55.2 billion in 2023, over twice the volume with the United States.

29/08/2025

The Department of Small Business Development has just launched a R300 million Women’s Fund to boost and sustain women-owned businesses.

This initiative aims to promote financial independence and long-term success by providing funding plus opportunities like trade missions, networking, seminars, and global partnerships. It also offers sector-specific support for women entrepreneurs in industries such as manufacturing, construction, mining, ICT, green economy, retail, tourism, and more.

Missed the launch event? You can catch the full recording online: https://youtube.com/live/oKbQET3ibbU?feature=share

27/08/2025

Building Strong Partnerships for Sustainable Growth!

The Eastern Cape Provincial Government and the United Nations have signed a Joint Declaration on Cooperation (JDI) Implementation Matrix, marking a key step in their collaboration to support the province’s growth and resilience.

The JDI targets key areas like:
1. Agriculture & Food Security
2. Climate Change Resilience & Natural Resource Management
3. Education
4. Governance, Leadership & Institution Building
5. Health
6. Inclusive Economic Development

This partnership will harness global knowledge and resources to promote inclusive growth, improve governance, and ensure a sustainable future for the people of the Eastern Cape.

Together, they are shaping a thriving province for today and generations ahead.

27/08/2025

Chippa United welcomed a new member to their team, Somila Ntsundwana.

The talented forward from Gqeberha joins from Richards Bay FC, ready to bring fresh energy and skill to the squad.
Fans are excited to see how Somila will strengthen the attack and contribute to the team’s success this season. ⚽

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02/08/2025

02/08/2025

Minister Stella Tembisa Ndabeni delivered the Department of Small Business Development Budget Vote Speech on Tuesday, July 29, 2025, at the NCOP Parliament Building in Cape Town. Her address focused on providing crucial updates about support for small businesses and efforts to ignite entrepreneurship across the country.

The budget for the Department of Small Business Development for the 2025/26 financial year is set at R2.918 billion. Of this total, R2.45 billion, which accounts for 84% of the budget, is allocated specifically for transfers and subsidies directly benefitting small businesses. The remaining R468 million, or 16%, will cover departmental operations, including R265 million for staff compensation, R197 million for goods and services, and R6 million for capital expenditure.

A significant focus of the new budget is on supporting rural provinces. The Eastern Cape and Limpopo are both set to receive R118.8 million each, KwaZulu-Natal will receive R102.96 million, the North-West R95.04 million, Mpumalanga and the Northern Cape R79.2 million each, and both the Western Cape and Gauteng R71.28 million. The Free State is allocated R55.44 million for the year.

Minister Ndabeni emphasised that this budget reflects a commitment to bolstering small businesses around the country, especially in rural areas, while keeping departmental operational costs lean.

Although the event has concluded, those who missed it can still watch the full speech recording on YouTube.

Click the link to watch : https://www.youtube.com/live/_0XLienbI7c?feature=shared

02/08/2025

The National Empowerment Fund is celebrating Women’s Month and encouraging black women entrepreneurs to apply for funding through the NEF Women Empowerment Fund (WEF). The WEF offers funding from R250,000 up to R75 million, supporting women-owned businesses across all sectors. Entrepreneurs with big ideas are invited to apply and turn their vision into reality.

💡 Got a vision? They can fund it.
🔗 www.nefcorp.co.za

National Empowerment Fund

02/08/2025

NEWS JUST IN 📰

Twenty unemployed young people in Gqeberha are about to kickstart their own delivery businesses! On Tuesday, 5 August 2025, MEC Nonkqubela Pieters will hand over 20 motorbikes and accessories worth R684,000 at Veeplaas Community Hall, thanks to the Kasi Delivery Youth Empowerment Programme.

This initiative, powered by DEDEAT, ECDC, SEDFA, and Kasi Delivery, is helping township youth build businesses and shape a brighter future. 🏍️

23/07/2025

Tomorrow, Deputy President Paul Mashatile will bring the curtain down on the Global SME Ministerial Meeting, a joint initiative by the Department of Small Business Development and the International Trade Centre.