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.

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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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 /  🏆 13. in ZA
 

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Solidarity Fund was created to assist those afflicted by ravages of Covid-19. Using those funds for purpose other than that is betrayal to and of the ones that contributed monies to it. Sies!

Haii , yikaka lento muhn , bazo yidla nayo

voteEFF The only organization that know what the majority needs. South Africans are hurting and need healing and LAND EXPROPRIATION WITHOUT COMPENSATION, drinking WATER, a roof over our head and economic opportunities will be the soother right now. Let's make our ancestors proud

I lost equipment worth R50 000 at one of the malls which was looted I tried the insurance I tried everywhere I didn't get anything ,now they are talking of 450m while they have spent so march on Zondo commission ? Mara why ANC

That's how cruel this government is 450m is nothing at won't even cover 10 business

It's too late business has been liquided , we as businesses we cried so murch for help from the government and banks we didn't get any response Why now while we have already having court orders on our desk?

Imali ye EFF

Abotse this government is led but crazy people. Or maybe we don't understand which Solidarity Funds you talking about.

I told ya They will never provide anything for township businesses hit by looting ONLY whites

It will be collected by that guy 'let's protect our malls'. If you know what I mean

All this money will go to the ministers and their buddies. Or non existent beneficiaries. Just like how lotto is won by non existent people

People who give up are the people who lose in life, my first experience happens to be a failure but i never gave up cause I knew it was going to work out for me trying continuously, fortunately I'm smiling ☺ today getting involved with lethica10

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