This is the information take off the budget speech summary on the Entrepreneur Mag site.
Additional allocations in support of industrial and economic development over the period ahead include:
- R600m for enterprise investment incentives,
- R735m for the Competition Commission and other economic regulatory agencies,
- R250m to the Industrial Development Corporation to support agro-processing businesses,
- R120m for the national tooling initiative,
- R282m for the Micro-finance Apex Fund, and
- R55m for Khula Enterprises to pilot a new approach to small business lending.
Our goal this year is to see how we can find the correct channels to get this money into the right hands to develop the SME market of our country.
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