Massive boost for informal businesses in Mamelodi, Gauteng
In the recently convened Jobs Summit, President Cyril Ramaphosa committed government to creating more jobs and establishing a township and rural entrepreneurship fund to support South Africans with businesses in townships and rural areas. The ANC welcomes the handing over of tools and equipment to informal business owners from Mamelodi, Gauteng by the Department of Small Business Development on Friday, 15 February 2019. This is part of the Department and its agency Seda's Informal and Micro Enterprise Development Programme which aims to uplift business owners in the informal sector with tools and equipment to sustain their businesses, as well as to provide mentorship and training.
The ministry of Small Business is on a nationwide campaign to uplift township and rural economies and has already visited several towns in KwaZulu-Natal, Gauteng, Northern Cape and Limpopo. The informal sector has been identified by government as critical to addressing the triple challenges of poverty, unemployment and inequality. In this regard, the Department of Small Business Development has developed a set of incentive programmes targeting micro, small and medium enterprises.