“The focus of the Trep is to support enterprises based in townships and rural areas, and also micro and informal businesses, to restart, rebuild and improve their businesses as part of the reconstruction and recovery of the SA economy,” said the minister.
In March, the department introduced a “debt relief fund” aimed at servicing the debt of small business owners affected by the pandemic. Ntshavheni said business owners needed to prove their businesses were directly affected by the pandemic.
“Government understands SMMEs will be affected on two levels: as businesses when the economy slows down, and as suppliers of products and services during this period,” she said.
“To mitigate the impact during the expected economic slowdown, the department is finalising the SMME support intervention comprising the debt relief fund and business growth or resilience facility.”