New SME Ministry to Achieve NDP Goals

New ministry of small business development is aimed at achieving objectives of the NDP, among others job creation

The new ministry of small business development is aimed at achieving objectives of the National Development Plan (NDP), among others job creation, expanded black ownership and transformation.
 
The ministry is backed up by the latest national budget that outlines numerous plans to stimulate development of the small and medium enterprises (SME) sector.
 
The European Union has signed an agreement with the department of trade and industry which will see Europeans donate R550 million to start a Risk Capital Fund for SMEs, to be administered by the Industrial Development Corporation and the European Investment Bank.
 
To read the article titled, “Help for small businesses,” click here.

Source: 
The Citizen

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