Share

Township business set for cash injection

Johannesburg - The government was in the process of launching a fund to support the informal business sector, the presidency said on Friday.

"To address skewed spatial development, a government fund is being launched to support informal sector enterprises, especially in the townships," the presidency said in a statement.

"It was agreed [at the Presidential Business Working Group meeting] that municipalities that needed support would be identified for which anchor companies could be identified."

On Friday, President Jacob Zuma hosted a presidential business working group, comprising the business sector and government, to assess the status of economic development and job creation.

Zuma first convened the meeting between government and business in February 2013 to promote collaboration towards implementing an inclusive growth strategy to support the National Development Plan, the presidency said.

"The meeting followed President Zuma's undertaking, in his June 2014 State of the Nation Address, that government would work with the private sector to remove obstacles to investment, promote inclusive growth and build a more prosperous society."

The meeting on Friday assessed progress and implementation action plans in areas including education and skills development, infrastructure, labour regulatory environment, regulatory impact on investment, and economic growth.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.89
+0.3%
Rand - Pound
23.82
+0.4%
Rand - Euro
20.37
+0.3%
Rand - Aus dollar
12.30
+0.3%
Rand - Yen
0.12
+0.3%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders