KZN Economic MEC to announce stimulus plan for businesses affected by Covid-19
Durban - MEC for Department of Economic Development, Tourism and Environmental Affairs in KwaZulu-Natal, Nomusa Dube-Ncube, is set to announce a series of interventions aimed stimulating the economy and assisting emerging entrepreneurs over the next few months.
"Our focus is to turn around the situation in response to the devastating impact caused by the outbreak of coronavirus. We reiterate our commitments to ensure an equal distribution of resources in the hands of the state."
"We understand that small players such as co-operatives, informal traders such as street traders and hawkers have been badly affected. We undertake not to leave small players behind as they play a critical role in our economy," she said.
Dube-Ncube said the interventions to be announced are primarily aimed at bridging the widening gap between the first and second economies.
She added that the criteria for qualification to access government support will be transparent and will demonstrate a sense of responsibility.
"Small and big businesses in the city and rural areas will be treated fairly and equally. Critically, the initial stages of our interventions will begin by creating a database of existing businesses that requires interventions," Dube-Ncube said.
A One Stop Business Portal has been created. Entrepreneurs are encouraged to visit www.tikzn.co.za/support-desk or Whatpp number 063 6921634IOL