Funding instruments for improved financing of SMMES
The Minister for Small Business Development Ms. Khumbudzo Ntshavheni has noted the disheartening unemployment statistics released by Stats SA for quarter 3 of 2019. She is of the firm view that the tide of unemployment in South Africa can only be turned around by the growth of the SMME sector which must prioritise women and the youth.
Key to the growth and sustainability of SMMEs is improved access to funding which has been a challenge to majority of the businesses.
In this regard Minister Ntshavheni will on the 14th of November 2019 announce a package of measures and SMME funding instruments for improved funding of SMMEs.
Source: Government of South Africa