Tuesday, 8 October 2024
22.7 C
Durban

Black business body in strategic partnership with KZN water utility

Home Infrastructure Black business body in strategic partnership with KZN water utility

THE Black Business Federation’s (BBF’s) strategic partnership with KwaZulu-Natal water utility Umgeni Water is set to ensure that 35% of local and remote businesses participate in the Umgeni value chain.

That’s according to federation President Malusi Zondi, who said the deal would ensure mainstream economic participation for local black businesses thereby empowering local businesses and creating more jobs in rural KZN communities.

“This partnership is aimed at maximum empowerment and uplifting of black businesses, especially those who have been excluded from participating for the past five years while some had to shut down.”

Zondi said other benefits included training of traditional leaders, upskilling of manufacturers and driving of business opportunities in rural areas where dams are located.

“The… partnership with Umgeni Water is…  affirmation of the fact that we are indeed a country filled with possibilities of achieving economic transformation and entrenching participation of black businesses, especially for the previously disadvantaged.”

Most Popular

UKZN institute’s new high-tech rocket launch gantry a first for SA

ENGINEERS at the University of KwaZulu-Natal’s Aerospace Systems Research Institute (ASRI) have commissioned a new suborbital sounding rocket launch facility at the Denel Overberg...

State-owned energy company formed by merged subsidiaries

A POLICY statement by President Cyril Ramaphosa has resulted in the formation of a new state-owned petroleum company, the South African National Petroleum Company...

Time is running out on the 125% solar tax incentive

BUSINESSES that act quickly can still take advantage of the substantial 125% income tax incentive available for solar energy projects completed and operational by...

Diversified packaging group disposes of assets, refinances

NAMPAK Limited, the largest diversified packaging company in Africa, issued an update on Monday on key company developments including the asset disposal program and...