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Business Management analysis

Dept urges SMMEs to apply for relief packages following July unrest

The Small Business Development Department has approached formal and casual SMMEs to apply for the different alleviation bundles that were set up to help those affected by July's polite agitation. 

As per Small Enterprise Finance Agency (SEFA) Executive Finance Manager Tumi Sefolo, the office had partitioned the help into two distinct bundles for casual and formal organizations. 

Sefolo said that R300-million has been saved for these alleviation bundles. "The first is for formal organizations where we are offering support up to R2-million of which 60% is an award and 40% repayable credit at a 5% financing cost," she said. 

"The subsequent bundle is for casual brokers where we are offering a once-off award of R3,000 to restart their organizations." 

Sefolo disclosed to Vutivi News that the capability rules were not prohibitive. "Organizations more likely than not been working starting at 30 June 2021, and probably been influenced by the agitation," she said.

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SEFA Sefolo Small Business Development Department Small Enterprise Finance Agency


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