New bill to be tabled for small enterprises
Small Business Development Minister, Khumbuzo Ntshavheni plans to table the Small Enterprise Ombudsman Services Bill shortly.
She hosted her budget vote speech for parliamentary meeting, virtually on Tuesday this week. The bill is aimed to give additional affordable problem resolving and adjudication mechanism.
Ntshavheni said, “Cabinet approved a 5-year programme under this initiative and our view is that opportunities created by the Covid-19 pandemic creates conducive environment for township and village enterprises to thrive when people are required to minimise travelling to avoid the spread of the virus.”
“During the lockdown, if government and big business had just paid the amounts due to SMMEs on time, the bulk of the demands for support would have been delayed,” she said.
“South African small enterprises lose billions of rands annually due to late and non-payment by both government and the private sector,” she added.
The Department in support with SEFA and SEDA are to implement the following schemes:
- Autobody Repairers and Mechanics Scheme
- Bakeries and Confectioneries Support Scheme
- Butcheries Support
- Tshisanyama and cooked food Support
‘‘Since the announcement of the lockdown, our department has been inundated with an unprecedented number of calls from informal, micro, small and medium enterprises as well as cooperatives seeking financial and non-financial support.’’ She added.