Limpopo Provincial Treasury together with the provincial bank, Standard bank have embarked on a way to help small enterprises which are experiencing financial constraints after receiving contracts from Limpopo provincial government.
Enterprise Development is a facility with value equivalent to R300 million over a period of three years which will be available to suppliers who meet certain requirements. The entry point is that the supplier should have been awarded a contract by the Provincial department. That SMME would amongst others be given funding and a mentor who would make sure that their business becomes sustainable.
Source: Government of South Africa