RSA announces further COVID-19 aid for informal businesses

28 May '20

1 min read

Pic: Shutterstock

South Africa’s small business development minister Khumbudzo Ntshavheni recently announced the second-wave of COVID-19 support for informal, micro and small enterprises, including cooperatives based in townships and villages. These includes the small-scale and micro clothing and textile business support scheme for enterprises in townships and villages.

The dedicated support programmes for township and village-based enterprises were in line with the small business development department’s (DBSD) Township and Rural Entrepreneurship Programme (TREP) approved by the cabinet in February this year, DSBD said in a statement.

The small-scale and micro clothing and textile business support scheme will help in seizing opportunities in the sector like production of personal protective equipment (PPE), participating in rebuilding and restructuring the clothing and textile sector as necessitated by the emergence of the new world order, and improving the quality and competitiveness of small-scale clothing and textile enterprises for both domestic supply and export market.

The scheme covers the cost of production inputs, access to credit, assistance with compliance and technical skills improvement, business and financial management training, and productivity management.

Fibre2Fashion News Desk (DS)