a recent article in “Die Burger” stated that the Government plans to tackle the Economical Crisis by giving R6 Billion to Small, Micro and Medium Enterprises, especially in the Motor, Clothing & Texstyle industries, and bigger motivation for the production of capital goods that will support and assist the country’s infrastructure.
Mr. Zwelinzima Vavi, of Cosatu and Mr. Bobby Godsell of Busa is in negotiation for an “averall package to avoid retrencements”, which will be introduced within the week.
Does anyone know more about this? I will do some reseach myself (criteria, applications, etc) – but I thought you might find this valuable and interesting.
Pres Zuma on framework response to economic crisis.docHi Amanda,
This is a previous statement by President Zuma. (See attached) Personally, I think that item on paying SME service providers within 30 days is important – my experience of parastatals and payments is not good. Cash flow is a critical factor for all businesses but particularly for SMEs.