SA urges small businesses to seek support through entrepreneurship scheme

Small Business Development Minister Stella Ndabeni-Abrahams has encouraged small businesses in townships and rural areas to apply for support through the Township and Rural Entrepreneurship Program (Trep).

“We are deliberate in the fight against unemployment and poverty, but we also have a responsibility to grow the economy,” Ndabeni-Abrahams said.

Addressing the SheTradesZA Youth Seminar in Pretoria on Wednesday, the minister said the maximum value of the TREP is R1 million, with one component being a grant and the other a loan.

“The Trep is a program dedicated to transforming and integrating opportunities in townships and rural areas into productive business ventures. The goal is to create platforms that provide business support infrastructure and a regulatory environment that allows entrepreneurs to thrive,” Ndabeni-Abrahams said.

Entrepreneurs in townships or rural areas can apply for support, including funding, through the common application template of the Small Business Development Agency (Seda), Small Business Finance Agency (Sefa), the National Empowerment Fund (Nef) and the National Youth Development Agency. (NYDA).

Business owners must be South African nationals.

The following plans are available to eligible contractors:

– Support program for artisanal bakeries and confectioneries
– Support program for bodybuilders and mechanics (as well as small independent auto parts shops and informal auto entrepreneurs)
– Support program for butcher shops
– Clothing, leather and textile support program
– Personal care support program
– Spaza-shop support program
– Support program for tshisanyama and ready meals

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