We've floundered, but there's hope, Mabuza says on jobs and small business


- fin24.com | 3 months ago

Deputy President David Mabuza told Parliament on Thursday afternoon that government had every intention of supporting small businesses based in township and rural areas through mentorship, finance and paying them on time.

Replying orally to questions from Members of Parliament in the National Assembly, Mabuza acknowledged that the challenges that small business experienced in South Africa cut across the country’s broader economic troubles, including unemployment and lacklustre growth. Subscribe to Fin24’s newsletter here  However, Mabuza said, in spite of past challenges, there was cause for optimism.

He said government would invest in delivering its Township Entrepreneurial Fund to businesses that needed it.

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