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Department of Small Business Development funding

South African government sets aside R40 million to assist informal fruit and veg traders

The South African government has set aside R40 million (€2.2) to help informal fruit and vegetable traders that were negatively affected by the pandemic. The money comes from the Department of Small Business Development (DSBD) in partnership with Nedbank, and is aimed at empowering 40,000 informal fruit and vegetable traders and help to restart their businesses.

DSBD minister Khumbudzo Ntshavheni: “Qualifying traders will receive grants of R1 000 each to buy stock. The initiative falls within the department’s township and rural enterprises programme launched earlier this year. Since March 2020, we launched support schemes for small businesses to help alleviate the negative impact of the pandemic including the township and rural entrepreneurship programme.”

Ntshavheni said the focus of the programme was to support enterprises based in townships and rural areas. It also helps restart micro and informal businesses as well as rebuild and improve their businesses as part of the South African economy’s reconstruction and recovery.

Source: citizen.co.za


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