About Department of economic development and tourism
The Department of Economic Development and Tourism (DED) is a government agency that is dedicated to promoting economic growth and development in South Africa. The DED works closely with businesses, entrepreneurs, investors, and other stakeholders to create an environment that is conducive to economic growth and job creation.
The DED offers a wide range of services and programs designed to support businesses at every stage of their development. These include business incubation programs, access to finance initiatives, export promotion services, investment facilitation services, skills development programs, and more.
One of the key priorities of the DED is to promote entrepreneurship in South Africa. The agency recognizes that small businesses are the backbone of the economy and play a critical role in creating jobs and driving economic growth. To this end, the DED has developed a number of initiatives aimed at supporting entrepreneurs at every stage of their journey.
For example, the DED offers business incubation programs that provide entrepreneurs with access to training, mentorship, networking opportunities, office space, equipment and other resources they need to start or grow their businesses. The agency also provides access to finance initiatives such as loan guarantees for small businesses that may not qualify for traditional bank loans.
In addition to supporting entrepreneurship in South Africa through its various programs and initiatives; the DED also plays an important role in attracting foreign investment into the country. The agency works closely with international investors who are interested in investing in South Africa by providing them with information about investment opportunities across various sectors including manufacturing; agriculture; tourism; mining; energy; ICT among others.
The Department also promotes tourism as one way of boosting economic growth by showcasing all that South Africa has on offer from its natural beauty like wildlife reserves such as Kruger National Park which attracts millions annually from around world , beaches along Durban's Golden Mile or Cape Town's Table Mountain which provides breathtaking views over city skyline .
Overall ,the Department Of Economic Development And Tourism plays an important role in promoting economic growth and development in South Africa. Its various programs and initiatives are designed to support businesses at every stage of their development, promote entrepreneurship, attract foreign investment, and showcase the country's natural beauty to the world.