State of the Nation Address 2024

Click-to-Save

Click-to-Save

State of the Nation Address 2023

Leave No One Behind Leave No One Behind

Freeing small businesses

Government is helping small businesses deal with income losses incurred due to loadshedding. We have introduced the Energy Bounce Back Loan Guarantee Scheme (EBB) that will facilitate loans to Small and Medium Enterprises (SMEs) for investments related to rooftop solar generated energy.

Read more about the scheme here: Energy Bounce Back Scheme (pdf)

/assets/grow-jobs-skill.jpg

Informal traders in Mamelodi preparing stock after the revision of the regulation

We are supporting SMME participation in the manufacturing value chain, targeting specific products for manufacture for both the domestic and export markets. This includes providing business infrastructure support, financial assistance through loans and blended funding, facilitating routes to markets, and assistance with technical skills, product certification, testing and quality assurance.

We are reviewing the Business Act – alongside a broader review of legislation that affects SMMEs – to reduce the regulatory burden on informal businesses.

By the numbers

Between 2.4 and 3.5 million

SMMEs in South Africa

Over R900 million

Loans to SMMEs

20 000+

Small businesses supported

30 000+

Jobs created and sustained

Over R900 million

Injected into our economy by SMMEs

This benefitted an increasing number of enterprises owned by Black entrepreneurs and businesses owned by women, youth and people with disabilities.

Township and Rural Entrepreneurship Programme

/assets/grow-jobs-business.jpg

This programme support SMMEs in townships and rural areas. It focuses on integrating opportunities in these areas into productive business ventures. The focus is to create platforms which provide the business support infrastructure and regulatory environment that enables entrepreneurs to thrive.

The following schemes are available for qualifying entrepreneurs:

Small-Scale Bakeries and confectioneries support programme

Autobody repairers and mechanics support programme (as well as small and independent auto-spares shops and informal automotive entrepreneurs)

Butcheries support programme

Clothing, leather and textiles support programme

Personal care support programme

Spaza-shop support programme

Tshisanyama and cooked food support programme

Learn more about how to apply for funding: Entrepreneurship programme

By the numbers

Over R200 million

Disbursed

6 000+

Enterprises supported

8 000+

Jobs created/maintained

Support for co-operatives

Co-operatives are a mechanism through which communities can organise themselves to participate more meaningfully in the economy.

The Co-operatives Development Support Programme (CDSP) supports co-operative enterprises financially and non-financially. It prioritises co-operatives owned by prioritises women, youth and persons living with disabilities, especially in rural, township and peri-urban areas.

In partnership with other institutions, the programme offers blended financing to eligible co-operatives on cost-sharing funding of a combination of a grant and loan. The grant funding portion of funding is capped at R2.5 million towards qualifying activities.

Find out how to apply: Co-operative-development-support-programme.pdf

By the numbers

Over R10 million

Disbursed

30

Co-operatives supported

Women-owned businesses

/assets/woman-owned-1646645958.jpg

We have put a national policy in place to ensure that 40% of public procurement goes to women-owned businesses and trained around 6 000 women-owned businesses in essential business skills to apply for government tenders.

Government is working to pilot the Women’s Empowerment Fund. This initiative will accelerate the financial inclusion of women, youth and people with disabilities across mainstream sectors of our economy.

The IDC has earmarked approximately R9 billion to invest in women-led businesses to drive inclusive economic growth. Other entities including the Public Investment Corporation and the National Empowerment Fund have also committed to establish special purpose vehicles to support women-owned businesses.

By the numbers

3 400+

Women–owned enterprises trained

R9 billion

IDC investment for women–led businesses

Stay up to date

Get a weekly update on the most pressing issues that interest and affect South Africans – straight from the desk of the President.

Click here to subscribe