CATEGORIES
- (26)Agriculture, Land Reform & Rural Development
- (20)Auditors & Accountants
- (4)Broad-based Black Economic Empowerment
- (5)Built Environment
- (49)Communications & Digital Technologies
- (2)Company Law
- (2)Consumer Law
- (10)Courts
- (2)Criminal Law
- (1)Cybercrimes
- (2)Disaster Management
- (8)Education & Training
- (3)Electoral Law
- (81)Environmental Law
- (4)Family Law
- (125)Financial Sector
- (2)Fisheries & Aquaculture
- (3)General Interest
- (16)Health & Safety
- (17)Home Affairs
- (3)Housing
- (12)In the Spotlight
- (1)International Co-operation
- (66)Justice & Constitutional Development
- (50)Labour Law
- (16)Legal Practice Council
- (15)Local Government
- (19)Minerals & Energy
- (1)Monetary Policy
- (1)National Development Plan
- (11)National Treasury
- (61)New Legislation
- (10)Opportunities for Public Comment
- (6)POPIA
- (264)Parliament
- (1)Practice Management
- (2)Presidency
- (13)Property Law
- (7)Public Service
- (3)Retirement Reform
- (12)Road Accident Fund
- (19)Safety and Security
- (6)Small Business Development
- (19)Social Development
- (8)Sport, Arts & Culture
- (14)State Owned Enterprises
- (4)State of Disaster (energy)
- (15)Taxation
- (5)Tourism
- (57)Trade, Industry & Competition
- (32)Transport
- (15)Water & Sanitation
- Show All
SMMES AND CO-OPERATIVES: DRAFT FUNDING POLICY OUT FOR COMMENT
- 01 May 2023
- Small Business Development
- SA Legal Academy
The Department of Small Business Development has called for input by 29 May 2023 on a draft funding policy for small, medium and micro enterprises and co-operatives. Backdated to 28 April 2023, the document was published on 1 May 2023 as part of the composite National Government Gazette, which is normally issued on a Friday.
According to a foreword from Small Business Development Minister Stella Ndabeni-Abrahams, once operationalised, the proposed new policy is expected to be ‘adopted and implemented by both … private and public sector financiers’. Its purpose is to:
- ‘deepen access to finance’
- ‘reduce the level (of) concentration or monopolies in certain sectors of the economy’
- transform ownership patterns in the economy
- ‘address … financial literacy challenges amongst small businesses in both formal and informal sectors’
- ‘advocate for a compliance-light environment for small enterprises’
- improve co-ordination between SMME funding support programmes, and
- ‘eliminate … double dipping’.
Please click the link below to access the document:
- draft policy
Published by SA Legal Academy Policy Watch
0 COMMENTS
There are not comments for this article at the moment, check back later.
LEAVE A COMMENT
You must be logged in to add a comment, log in now.