CAPE TOWN - Opposition parties said that the Department of Small Business Development was not doing enough to protect and support the township's informal sector.Parties were debating the Small Business Development Department’s R2.4 billion budget, which was tabled by Minister Stella Ndabeni Abrahams.
But African Transformation Movement MP Vuyo Zungula said that the informal space was dominated by big retailers and foreigner-owned businesses with little or no support for locals. "The citizens in the informal sector are trading for survival. The government is lacking care by failing to protect such vulnerable people. Go to any township, village or small town, all economic activities are either in the hands of big companies or foreigners, which are dominating all economic activity in that space.""We’ve allocated R45 million to general dealers as part of reclaiming the township and rural retail space.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
The Mastercard Foundation Welcomes International Business and Development Leader Carole Wamuyu Wainaina to ...The Mastercard Foundation today announced the appointment of Carole Wamuyu Wainaina to its Board of Directors. Carole Wainaina is a senior business leader with 35 years of global experience in multinationals and multilateral organizations in areas including strategy, organizational transformation, and human resources.
Source: allafrica - 🏆 1. / 99 Read more »