The DSBD has called on small enterprises and informal traders affected by the recent unrest to apply for the Business Recovery Programme and Informal Traders Support Programme.
The Department of Small Business Development (DSBD), on Wednesday, 11 August 2021, called on all small enterprises and informal traders who were looted or vandalised during the July 2021 unrest to apply for the Business Recovery Support Packages, as well as to register for the Business Recovery Financial Support Programmes webinar. The DSBD noted that the Business Recovery Programme was intended for uninsured small enterprises impacted by the unrest, and those who require funding for working capital, equipment and furniture, as well as enterprises with existing funding from other lenders.
Blended finance of 60% grant and 40% loan would be made available, with an interest rate on loan limited at 5% and maximum funding to be R2 million per entity. For the Informal Traders Support Programme, financial support would be a R3 000 once-off grant per informal trader.
The DSBD clarified that informal traders are expected to be registered with the South African Revenue Services (SARS) and the Companies and Intellectual Property Commission (CIPC). Moreover, they must be willing to participate in business development services offered by the Small Enterprise Development Agency and be supported through business associations.
See the posts below.
DSBD is calling on all small enterprises and informal traders whose businesses were looted or vandilised during the July 2021 unrest to apply for the Business Recovery Support Packages.https://t.co/tgt1hDn8Xq; https://t.co/XMzvJERkh8; https://t.co/vd546pkhm5#RebuildSA pic.twitter.com/rHPubcZfKk
— Department of Small Business Development (@DSBD_SA) August 11, 2021
Register for the Business Recovery Financial Support Programmes webinar.
Date: 11 August 2021
Time: 6.30pm
Use this link to register: https://t.co/3KLHjMdZ7IYou’ll receive a confirmation email and joining details once registered.
#RebuildSA pic.twitter.com/fBKXI2txAz
— Department of Small Business Development (@DSBD_SA) August 11, 2021
