SMALL BUSINESSES RECEIVE ECONOMIC RELIEF ASSISTANCE
eThekwini mayor councilor, Mxolisi Kaunda handed over R21 million in economic relief assistance to 700 small businesses at the Durban City Hall Council Chambers. The assistance forms part of the Municipality’s Covid-19 economic recovery fund.
A little over 100 small businesses received a R30 000 cheque each. The funds are meant to bring relief to businesses that were affected by the Covid-19 pandemic.
The beneficiaries include a variety of sectors namely, Spaza shops, salons, retail and flea market, catering, construction, cooperatives and agribusiness.
Jubilation was written in the face of Gcinokuhle Dube, 30, of Loxion Tours located in Umkhumbane, who was one of the recipients of the financial relief .
“Finally, we can see the light at the end of the tunnel. There was a time where I thought it was over for my business, as tourism was hard hit by the pandemic. However, this relief fund has provided me with an opportunity to market and reposition my brand without having to take a loan,” Dube said.
Speaking to Iziko, Mayoral spokesperson, Mluleki Mntungwa said that those who did not receive the relief fund can still approach other institutions.
“There is a one stop shop center at the Durban Exhibition Centre that can be able to direct them where to go,” Mntungwa said.
eThekwini Mayor Councillor Mxolisi Kaunda said that this is a great initiative by the Municipality to bring the much-needed relief to small businesses.
“This intervention was important as the nationwide lockdown has had a devastating impact on businesses in the city. This resulted in the loss of approximately R34 billon across all sectors of the economy,” Kaunda said
South Africa recorded just over 6 000 companies that were forced to close their doors, due to the lockdown, resulting in over 300 000 job losses.
“An amount of R21 million has been set aside for the relief packages including other relief programmes that are available at the city’s one-stop center located at Durban Exhibition Centre,” Kaunda added.