It’s potentially good news for SA small-business owners who need financial support. The Portfolio Committee has opened an important bill for public comment. The bill in question is thereports that the bill sets out to amend the National Small Enterprise Act. In turn, this will reform the existing Small Enterprise Financing Agency andThese will be replaced with the Small Enterprise Development Finance Agency .
According to the proposed bill, SEDFA will be funded by money lawfully appropriated from parliament. This takes the form of income gained through investment, grants, donations and bequests made to SEDFA. Alongside it, the Office of the Small Enterprise Ombud Service will mediate any complaints.
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