Brought to you by the Department of Trade, Industry & Competition
On August 11th 2021, the Department of Trade, Industry & Competition (DTIC) announced that following the violent looting and unrests that took place in KwaZulu-Natal and Gauteng last month, businesses that had been adversely affected now have access to the R3.75 billion package geared towards their restoration and economic recovery.
The DTICand its Development Finance Institutions, the Industrial Development Corporation (IDC) and the National Empowerment Fund (NEF) have collectively put together a funding package in support of various business recovery interventions. The aim is to provide industrial loan support at zero percent interest rate to affected companies towards rebuilding of infrastructure, including equipment, fittings for the premises, stock and working capital.
[Read more on the package.]
Join the DTIC, in partnership with the Department of Small Business Development, the Industrial Development Corporation, the National Empowerment Fund, the Small Enterprise Finance Agency, and the South African Special Risks Insurance Association as they unpack the government's economic recovery package.