In the Media

The country's multiple challenges of deep poverty, unemployment and inequality are both unacceptable and unsustainable, writes Small Business Development Minister Stella Ndabeni-Abrahams.

Government on Tuesday launched the Tourism Equity Fund aimed at creating an inclusive and growing tourism sector by supporting entrepreneurship and investment on the supply side of the tourism sector.

New funding source for black-owned small businesses and entrepreneurs in an industry hard-hit by Covid-19.

President Cyril Ramaphosa launched the fund on Tuesday, at a time when lockdown regulations have crippled the usually lucrative industry.

Tourism Equity Fund aims to increase the participation of black-owned enterprises in the R400bn sector. 

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.

Minister of Small Business Development, Khumbudzo Ntshavheni, says she is appalled at the misinformation peddled by the Democratic Alliance (DA) about the expenditure of the small business COVID-19 relief funds.

The Small Enterprise Finance Agency (Sefa) is gearing itself towards supporting start-ups with its blended finance programme that offers a combination of a grant and a loan to small businesses.