Localisation Support Fund News Today

The investment agreement between Microsoft SA and the Department of Trade, Industry and Competition will prioritise skills development in artificial intelligence.

Microsoft and the Department of Trade, Industry and Competition (dtic) on Tuesday entered into an empowerment agreement to unlock programmes to support skills and capability development, as well as enterprise development for youth and small, medium-sized and microenterprises (SMMEs). The agreement provides for a significant investment, estimated at R1.3-billion, by Microsoft South Africa over the next ten years, that will support SMMEs and black industrialists in navigating the changing landscap...

Beau Plan Smart City in Mauritius adds Indigo, a residential gem to its basket of offerings...

A new public-private initiative has been launched in an effort to support the growth and development of South Africa’s manufacturing sector, whose recovery from the Covid lockdowns is currently being undermined by intense daily loadshedding. Known as the Localisation Support Fund (LSF), the non-profit company is being funded by the private sector, but has a board that includes government, labour and business representatives, including Trade, Industry and Competition Minister Ebrahim Patel,...