New Gauteng innovation plan aims to reduce red tape for small business

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The idea is to improve networking between businesses and government and persuade corporates to expand their supply chains

The Gauteng government, together with KTN Global, a unit of the UK government, has launched a plan to help reduce red tape and close funding gaps for small technology-backed businesses in the province.

As part of his economic agenda, President Cyril Ramaphosa has focused on technology as a way to get much-needed growth into the country. However, the lack of access to funding for small businesses in SA is a well documented issue. Coupled with this are the hoops that many entrepreneurs have to get through in order simply to set up an operation...

Source: News Formal (newsformal.com)

 

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