IBM invests R700m to boost skills

Johannesburg – IBM South Africa has invested R700 million in an equity empowerment programme to boost skills development and train more small business people.

Trade and Industry Minister Rob Davies and senior representatives from IBM announced the programme in Parliament yesterday.

Country manager for IBM Abraham Thomas and executive manager for the equity investment programme Gavin Pieterse said it would contribute to the growth of skills development in technology.

Thomas said while it had been operating in the country for more than 50 years, it wanted to be more involved in skills development and training small entrepreneurs. IBM wanted to strengthen ties with South Africa.

via IBM invests R700m to boost skills – Companies | IOL Business.

Sole Proprietor

found photo: business leaders

“A sole proprietorship, also known as a sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor’s. This means that the owner has no less liability than if they were acting as an individual instead of as a business” (Wikipedia).

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