Solidarity Fund and NEF to provide R450m to businesses hit by looting

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The Solidarity Fund and the National Empowerment Fund have teamed up to offer R450m in financial assistance to businesses affected by the civil unrest that gripped KZN and Gauteng earlier this year.

On Monday, the NEF and Solidarity Fund were in Gauteng at Chris Hani Crossing in Vosloorus and Dobsonville Mall in Soweto. On Tuesday, they will go to malls in Phoenix, KZN.

NEF spokesperson Moemise Motsepe said: “We are excited about this partnership because it offers us the possibility to make a difference for the benefit of the entrepreneurs whose businesses were vandalised in the civil unrest. These are small businesses that are not able to achieve their own recovery.”

 

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