SA to get development agency - Davies

2012-07-07 23:03
Rob Davies (File)

Rob Davies (File)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Trade and Industry Minister Rob Davies announced on Saturday that a development agency would be established as a result of the co-operatives amendment bill.

The agency will be a body for both financial and non-financial support "tailor-made for co-operatives", he said.

"These will include administration of incentives, provision of training and improvement of working conditions in the co-operatives sector," said Davies.

He was addressing the International Co-operatives Day celebrations at the Mittah Seperepere Convention Centre in Kimberley.

He said the bill also provided for the setting up of a tribunal and an advisory council.

"The proposed institutions will then assist the government to reduce the mortality rate amongst co-operatives and ensure their sustainability," he said.

Davies said these will ensure that co-operatives take their rightful place and contribute effectively to the country's economy as they have the capacity to create jobs and eradicate poverty.

"We appeal to the private sector and government to seriously consider procuring goods and services from co-operatives and form a strong symbiotic relationship," he said.

International Labour Organisation director Vic van Vuuren said co-operatives currently provided employment to more than hundred million people worldwide.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    rob davies  |  kimberley  |  economy
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Romania rally to down Canada
Lancaster upbeat over Burgess' union future
LIVE: Fiji v Uruguay
Scotland primed for Samoa
Traffic Alerts

Are you burning the candle at both ends? Listen to your body and your emotional reactions. Know when to slow down or stop. It is more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.