Of the SMMEs affirmed for help, 67% were black owned; 30% female-owned and 21% owned by youngsters.The gvernment's R500 million Covid-19 obligation alleviation office saved 23,000 jobs across different businesses, with 67% of the borrowers being black owned.
The South African Minister of Tourism, Mmamoloko Kubayi-Ngubane is reported to have accused the Solidarity and Afri Forum of trying to hinder transformation in the tourism industry. This is after the pressure groups reportedly rejected the Tourism Equity Fund and suggesting that legal action must be taken against the fund. They criticise the criteria which will be used to render assistance to applicants. Morne Malane from the Solidarity who was invited on the SABC news made the confirmation that there are plans
FUNDING FOR SMALL BUSINESS DEVELOPMENT Between June 2015 and May 2016, the Department of Small Business Development (DSBD) trained 1 037 informal traders, established 29 satellite offices and five centres of business excellence. The department’s mandate is the promotion and development of sustainable and competitive entrepreneurs, small businesses and co-operatives that contribute to job creation and economic growth. As long as your business or co-operative meets the criteria, you can access funding or grants
The service of the travel industry will challenge an application by AfriForum and Solidarity in regards to the legality of the models it received to pay beneficiaries from the R1.2bn Tourism Equity Fund. Priest Mmamoloko Kubayi-Ngubane affirmed this during a media instructions on Monday. The asset was set up with the Small Enterprise Finance Agency (Sefa) and was custom fitted to give a mix of obligation account and awards to work with value obtaining and new venture improvement in the travel industry area by dark business people.