Violence in SA: Small businesses worried about bailout

Treasury has announced a multi-billion rand relief fund for businesses affected by the recent looting. But small business owners worry they may not see any of it.

2021-07-28 10:05:00 PM

Treasury has announced a multi-billion rand relief fund for businesses affected by the recent looting. But small business owners worry they may not see any of it.

Treasury has announced a multi-billion rand relief fund for businesses affected by the recent looting. But small business owners worry they may not see any of it.

Treasury has set aside R2.3-billion to help small businesses get back on their feet. But some are wondering whether the businesses that need it the most, will receive the money. eNCA’s Senior Reporter Aviwe Mtila visited some small businesses and filed this report. Courtesy #DStv403

VIDEO | Zuma corruption trial | Zuma's legal team wants Downer out Some SA youth say voting is pointless | Citypress Zuma's special plea case 'a rerun of same complaints', says Wim Trengove | News24

JOHANNESBURG - Despite the promise of R2.3-billion in government help to small businesses, those affected by recent looting are worried about red tape.Treasury has announced close to R40-billion in relief to those who were affected by the unrest, as well as by COVID-19 lockdown measures.

READ:Finance Minister Tito Mboweni said the chaos in parts of KwaZulu-Natal and Gauteng had a major impact on the country's economic recovery trajectory.Some are wondering whether the businesses that need it the most, will receive the money.READ:Violence in SA: Affected businesses urged to claim from insurance headtopics.com

“A lot of these micro-businesses have been affected by the lockdown measures. It’s affected their livelihoods, their income, their profitability etc, and a number of them won’t be compliant," said Vusi Thembekwayo, MyGrowthFund founder and CEO."I think the plea to government would be [to] help the businesses that were affected, not the businesses that are compliant. Because if they do that, I would guarantee you that would almost certainly destroy 50 percent of the businesses that were affected by these lootings.”

* eNCA’s Senior Reporter Aviwe Mtila visited some small businesses and filed this report. Read more: eNCA »

eNCA Entrepreneurship Friday | 17 September 2021

From doing fresh fades on his stoep to opening his 50th store. Legends Barbershop was started in 2011 but its growth in the market took off in 2014.\u003Cbr /\u003E\r\nSheldon Tatchell took a stab in starting the country’s most talked-about barbershop. And what\u0026#039;s great is that he has not kept his talent to himself.\u003Cbr /\u003E\r\nLegends has a training platform for budding barbers looking to enter the industry.

I'm just wondering where all these Billions are coming from considerigerig that we had to borrow 500 Billion for COVID? MYANC &tito_mboweni please explain!!! Let hope the money will not be looted like PPE and it will reach the businesses especially small businesses. 🙏 They won’t. It’s all going straight to the pockets of the anc thieves

That money is allready stolen 😂😂 This of Unrest did make some people loose their jobs The fall of Turkey and the Middle East countries is soon. Muhammad Qasim saw a vision that a war would start in Turkey with the countries of the West and gradually destroy the Middle East. To know more visit the website - or search ‘Muhammad Qasim Dreams’

Where is the money coming from and what are they going to do so it doesn’t get stolen as usual? It’s already been looted. It's all about the colour of your skin. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her _Johnson56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

is another chance to loot by anc criminals

S&P unmoved by recent unrest and violence in SASA is rated three notches below investment grade by S&P with a stable outlook I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent shantelll_142 guided me and help me make a living through bitcoin with my LUNO app , I recommend you to meet her now and also be a beneficiary of good work Investing with lovely1642 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 lovely1642

They need to start at small businesses first

Violence in SA | Ten suspects linked to unrest appear in court[ICYMI] Violence in SA | Ten suspects linked to unrest appear in court eNCA We are cool with this part we want to here about the people who made their selves gods in Phoenix I saw several people testifying of making so much money with the help of liam_garret21 on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust

Violence in SA | Police, soldiers patrol VosloorusThe police and army are back on the streets, this time in Vosloorus in Ekurhuleni. I saw several people testifying of making so much money with the help of liam_garret21 on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust They are doing a good job🤟 I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent shantelll_142 guided me and help me make a living through bitcoin with my LUNO app , I recommend you to meet her now and also be a beneficiary of good work

SA losing its grip as ‘gateway to Africa’SA is known as the ‘gateway to Africa’, but stands to lose this title and the revenue it brings due to interruption in the supply chain from its harbours and on highways. But SA never had its grip on “Gateway 2 Africa”. You cannot take a Neo Colonial and structurally corrupt economy and out it in the pinnacle of African Renaissance I saw several people testifying of making so much money with the help of liam_garret21 on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust

Violence in SA | WATCH | Operation 'produce a receipt'Flanked by members of the SANDF, police officers have been conducting a retrieval operation in Vosloorus on the East Rand of Johannesburg. If only the same urgency is displayed in all matters of crime, SA might be a good place. SA is a joke fr fr That's all they know ...abusing the poor while real criminals roam the streets of Hilbrow selling drugs to our youth.

BREAKING NEWS: Treasury’s R39bn relief package won’t require additional debtMoney will come from higher-than expected tax collections and adjustments to the budgets of departments trade & industry, and small business development