Despite the knocks, there’s hope for small business, says minister Ntshavheni

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Singapore News News

Small business development department is negotiating partnerships with retail giants to stock locally produced goods

Small business development minister Khumbudzo Ntshavheni believes there is hope for small business in SA. This despite many filing for liquidation during the Covid-19 pandemic.

“Our view is that no matter how much money we pump in supporting small businesses if that is not matched in creating a market where those products and services are sold, we would not have done anything,” Ntshavheni says. “We cannot claim that there are no countries doing far better than we are and are primed for investment,” he said. This is despite Ramaphosa having repeatedly said since his inauguration in 2019 that “in Africa lie the solutions to Africa’s problems”.

“More financial support is needed in the form of both grant and revolving credit finance as SMMEs [small, micro and medium enterprises] struggle with significant cash flow challenges. Another issue is bottlenecks in access to new markets, this is also a major barrier,” Chieta CEO Yershan Pillay says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

When are you deporting these liability of illegal immigrants, who must pay for their education healthcare housing water and electricity?

I'm ashamed to do this but please don't judge me🙏. Please, please help my wife and son out with a food parcel or food voucher 🙏. We haven't had a meal in two days but I can go on empty, they can't 😭😭. I'm doing this for them 🙏🙇

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines