New state-owned company for businesses a step closer to reality in South Africa

📆 17/10/2023 02:35 a. m.
📰 BusinessTechSA

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The Department of Small Business Development is working on a new state-owned company.

The Portfolio Committee on Small Business Development has opened the National Small Enterprise Amendment Bill for public comment.

The company’s shareholder will be the state, and the Small Business Development Minister will be the sole representative of the shareholders. The new potential legislation will also create the Office of the Small Enterprise Ombud Service. Section 17E of the Bill states that the purpose of the Ombud is the following:

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