The Department of Small Business Development has unveiled the second-wave of financial relief schemes that are expected to come to the rescue of township and village cooperates adversely affected by the COVID-19 lockdown.
Small Business Development Minister KhumbudzoNtshavheni announced the interventions in a statement on Saturday. The schemes will benefit informal, micro and small enterprises including cooperatives based in townships and villages. The intervention is in addition to the Spaza Support Scheme unveiled in March.
“The dedicated support programmes for township and village-based enterprises are in line with the Department’s Township and Rural Entrepreneurship Programme (TREP) that was approved by Cabinet in February 2020.
“With the re-opening of the economy, the township and village economies require special focus if government is to achieve the aspirations of the new economy post-COVID-19 which were clearly articulated by President Cyril Ramaphosa,” Ntshavheni said.
Qualifying entrepreneurs can apply to the Small-scale bakeries and confectioneries support scheme; informal and small-scale clothing and textile support scheme; and the Automotive Aftermarkets Support.
Who can apply?• An entity registered with CIPC as a legal entity including cooperatives;
• The business must 100% be owned by South African nationals;
• Employees must be 70% South Africans, and in the case of non-South African employees – they must hold valid work permits as determined by the Department of Home Affairs;
• The business must be operating in a township or village;
• The business must be registered or must apply for registration with SARS and UIF; and
• The business must have a valid business bank account or willing to open a business account.
Application forms for these three schemes will be available online on https://smmesa.gov.za/ from Wednesday, 27 May 2020.