20 Jan 2021 by Sunday World

Funding agency devoted to job creation

The Small Enterprise Finance Agency (Sefa) is automating its application process for funding to improve service delivery as more and more small businesses apply for assistance.

Funding agency devoted to job creation

Sefa was responding to an allegation from the DA that it had used just 8% of Covid-19 funds at its disposal.

DA spokesperson for small business development Jan de Villiers said the department and its entities had dropped the ball.

Mxolisi Matshamba, Sefa’s CEO, said the entity had already approved a total of R572-million (against a budgeted R733.6-million) and that this amounted to 78% of the funds available to it.

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