Zuma announces plans to back SA's small businesses

Today's Big Stories

Comments

Zuma announces plans to back SA's small businesses

10 May 2016 12:28 PM

President Jacob Zuma has announced that government and business will set up a joint fund to support small businesses.

Zuma met with Cabinet members and business leaders to discuss interventions to create jobs and transform the economy.

He emphasised the need to boost economic growth and confidence, following the decision by rating’s agency Moody's to maintain South Africa's negative outlook.

Business Unity South Africa (Busa) says that funding and stimulating SMMEs is an essential part of a greater drive to revive the ailing economy.

A key issue that a lot of SMMEs face is that they don't get the necessary funding and support.
— Khanyisile Kweyama, CEO of Busa

Busa CEO says Khanyisile Kweyama says that the business community has been collaborating with government on several interventions and will maintain the momentum after Monday's meeting.

Listen to the full conversation from The Midday Report:

Written by: Qama Qukula

Recommended

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

Racism (including offensive comments based on ethnicity and nationality)
Sexism
Homophobia
Religious intolerance
Cyber bullying
Hate speech
Derogatory language
Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Comments Show commenting Terms & Conditions

Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

13 December 2016 4:15 PM

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

13 December 2016 2:21 PM

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

12 December 2016 6:07 PM

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

12 December 2016 4:37 PM

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

12 December 2016 2:01 PM

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

Why family traditions matter

Why family traditions matter

12 December 2016 12:45 PM

Whether it's breaking bread or celebrating through song and dance, family rituals and traditions can create a sense of belonging.

I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

19 October 2017 8:10 AM

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

13 June 2017 2:19 PM

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

10 April 2017 2:32 PM

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

17 March 2017 8:02 AM

Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.

Divided views on impact of minimum wage on economy, unemployment

Divided views on impact of minimum wage on economy, unemployment

13 February 2017 12:44 PM

Deputy President Cyril Ramaphosa announced that the minimum wage of R20 per hour is expected to be implemented by May 2018.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

2 November 2016 3:25 PM

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

22 April 2016 7:00 PM

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...