Khumbudzo Ntshavheni, the Minister of Small Business Development, recently held a media briefing to discuss the outcomes of the latest Cabinet meeting. The briefing, held at the Union Buildings in Pretoria, was attended by members of the media from various news outlets.
During the briefing, Minister Ntshavheni highlighted the key decisions and discussions that took place during the Cabinet meeting. She began by emphasizing the government’s commitment to supporting small businesses and promoting economic growth in the country.
One of the main topics discussed during the meeting was the impact of the COVID-19 pandemic on small businesses. Minister Ntshavheni acknowledged the challenges faced by small businesses during this difficult time and assured the public that the government is taking steps to support them.
She announced that the government has allocated R1.2 billion to the Small Enterprise Finance Agency (SEFA) to provide financial relief to small businesses affected by the pandemic. This relief will be in the form of loans, grants, and debt restructuring to help businesses stay afloat and continue operating.
Minister Ntshavheni also highlighted the government’s efforts to promote entrepreneurship and create job opportunities. She mentioned the launch of the Township and Rural Entrepreneurship Programme (TREP) which aims to support and develop small businesses in townships and rural areas. This initiative will provide training, mentorship, and access to funding for aspiring entrepreneurs.
In addition, the Minister announced the establishment of a National Small Business Advisory Council, which will serve as a platform for small business owners to engage with the government and provide input on policies and strategies that affect them.
The Cabinet meeting also discussed the progress made in implementing the Economic Reconstruction and Recovery Plan, which was announced by President Cyril Ramaphosa in October 2020. Minister Ntshavheni highlighted the various interventions and initiatives that have been put in place to stimulate economic growth and create jobs.
She mentioned the Infrastructure Fund, which has allocated R100 billion to support infrastructure projects in key sectors such as energy, water, and transport. This will not only create job opportunities but also improve the country’s infrastructure and attract investment.
The Minister also spoke about the government’s efforts to address the issue of gender-based violence and femicide. She announced the launch of the National Council on Gender-Based Violence and Femicide, which will coordinate and monitor the implementation of the National Strategic Plan on Gender-Based Violence and Femicide.
In conclusion, Minister Ntshavheni emphasized the government’s commitment to working towards a better future for all South Africans. She urged the media to play a role in promoting the positive outcomes of the Cabinet meeting and to continue supporting small businesses and economic growth in the country.
The media briefing was a success, with members of the media expressing their appreciation for the transparency and openness of the government in sharing the outcomes of the Cabinet meeting. The positive steps taken by the government to support small businesses and promote economic growth were well received and praised.
It is clear that the government is taking proactive measures to address the challenges facing the country and is committed to working towards a better and more prosperous South Africa. With the support of the media and the public, these efforts will surely lead to a brighter future for all.
