Ntshona says to qualify for the fund businesses should not have a turnover of more than R5 million per annum and have been in business for at least one year.
Businesses asking for relief will also be assisted by SA tourism on a case-by-case basis. SA tourism says they are already receiving thousands of applications and will only accept online applications.“The fund itself is actually a grant and its targeting the survivalist SME if I can put it like that. It is capped at R50 000 per application. So, businesses that are struggling before and had other issues, those would not qualify.
For sure there are people who are already looking sharply to the money for their own bellies to get full, while their bellies are already full!!!
I saw an ad yesterday. It referred to BEE.