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DRDLR Home > NEWSROOM > Media Invites > Minister Gugile Nkwinti to open first co-operative financial institution in Durban
Minister Gugile Nkwinti to open first co-operative financial institution in Durban
The Minister of Rural Development and Land Reform Gugile Nkwinti will on 30th August 2016 officially open the first Co-operative Financial Institution for the Rural Women’s Arts and Craft project in Durban.

The Minister will be joined by Deputy Minister Ms Candith Mashego-Dlamini.

The Mzansi Rural Art and Craft Financial Institution Co-operative Limited which was registered earlier this year will serve as a banking platform for rural crafters who are members of co-operatives around the country. It allows for access to the National Payment System, automated operations, accurate prudential reporting and will enable members to transact at Point of Sale, ATM and with other Co-operative Financial Institutions across South Africa.

The total number of active rural co-operatives currently stands at 85 with a total membership of 808. The Department of Rural Development and Land Reform has, through its Rural Enterprise and Industrial Development (REID) branch co-ordinated the provision of training, mentoring and administrative support to the Arts and Craft Co-operatives

Some of the key outcomes of the support provided include the acquisition of valid registration certificates, bank accounts, tax clearance certificates and linkages to new markets local and international markets. The initiative is part of a holistic approach to empowering women in rural areas with skills and knowledge to create successful enterprises.

Members of the Media are invited as follows:

Date : 30 August 2016
Time : 9:00
Venue : Durban (Olive Conference Centre)

For RSVP and further information regarding the event kindly contact the following officials:

Mr Themba Hleko: Communication Services
Tel (012) 312 8376, Cell: 078 494 4978

Mr. Tshepo Diale: Communication Services
Tel: 012 312 8532, Cell: 071 850 1751
 
Issued by the Department of Rural Development and Land Reform Enquiries: Ms Linda Page – Chief Director: Strategic Communications | Tel: +27 12 312 9319 | Cell: 083 4604 482/ 071 334 3479| Eviction Toll-free Number 0800 007 095 I linda.page@drdlr.gov.za I www.drdlr.gov.za


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