DStv Channel 403 Friday, 22 November 2024

Discussion | New R500 Million fund targets spaza shops

JOHANNESBURG - President Cyril Ramaphosa earlier announced that a fund of R500 million will be established to support small businesses in townships including spaza shops. 

It will be a joint fund managed by the Department of Trade, industry and Competition as well as the Department of Small Business Development.

READ: Food Safety | Spaza shop owners plead for deadline extension

It’s part of government’s response to illnesses and deaths linked to   certain spaza shops and street vendors.

Acting Deputy Director-General of Incentives at the Department of trade, Industry and competition Susan Mangole, spoke to eNCA.

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