State institutions, such as the National Empowerment Fund , the Industrial Development Corporation and the Small Enterprise Development Agency , exist to promote small business development.
They shared more about their youth-focused products during the recent Youth in Industries: Enterprise Development Support and Access to Markets webinar hosted by the Department of Trade, Industry and Competition.Nomazizi Siphondo, the Investment Associate at the NEF, said the NEF offers low-interest loans to small businesses wanting to expand and to people wanting to start a business. The NEF also offers business skills training.