The CoE’s MMC for Finance, Jongizizwe Dlabathi, held a Small, Medium and Micro Enterprises Stakeholder Engagement session on October 11 at the OR Tambo Government Precinct in Germiston.
To tackle this issue, the MMC announced plans to set aside R500m to help clear the backlog and support struggling small businesses. Dlabathi reassured the attendees that the city aims to resolve this backlog of payments from the last financial year by the end of December.
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Join this Workday event in Sandton for finance professionalsWorkday is hosting an exclusive event on 23 October at the JSE tailored to CFOs and other finance professionals.
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Algeria: President of the Republic Welcomes Financial Model of 2025 Finance BillDuring the Council of Ministers meeting he chaired on Sunday, President of the Republic, Abdelmadjid Tebboune, welcomed the financial model of the 2025 Finance Bill, which does not include any tax increases. The president also ordered the setting up of the National Agency for Major State Budget Balances, Forecasting, and Planning.
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AfDB Approves EUR 70 Million Trade Finance Facility for Bank of Africa MoroccoThe African Development Bank (AfDB) has approved a EUR 70 million trade finance facility for Bank of Africa Morocco (BOA) to promote access to trade finance across the continent, particularly supporting SMEs operating in transition states.
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