Spaza shops to get R7K capital investment, revolving credit from Covid-19 relief funds

Minister of Small Business Development Khumbudzo Ntshavheni has said that 88 of the 104 spaza shops which have been approved to access funds from the Spaza Shops and General Dealers support scheme will each get a capital investment of R3,500 and another R3,500 as revolving credit for them to use at preselected wholesalers.

Ntshavheni said the department has partnered with Nedbank to increase coverage, with the bank availing its desks found at Boxer stores countrywide to serve as additional service points for spaza shop owners. She said the database of spaza shops was not within her department because the licensing and granting of permits to spaza shops was the responsibility of municipalities, adding that the department was working with these municipalities.

Source: News Formal (newsformal.com)

!!!!!!!! WHAT AM I MISSING ?!!!!!!! are they now the new citizens replacing the ' white' ex communicated by goverment. (Apology in advance)

LED's are failure across country,some of their functions should be at departmental level....

So they getting loans... sick government

Only registered, permitted South African owned and operated please, singahlanyiswa

No useless mouths tp ne fed...strictly South Africans..😉

Haaaaaa then what will you buy with this small amount,this is insult on its highest form

Do Somalians and Pakistans qualify. Cause I saw a group applying for permits.

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