Ninety-six deserving Small Medium Micro Enterprises (SMME’s) were granted loans to the tune of over R18,5 million by the North West Provincial Government , Premier Thandi Modise reported during the State of the Province Address delivered in the Provincial legislature on Friday. “Though access to funding has always been a thorny issue for emerging entrepreneurs, R22 million was made available to start the SMME fund,” submit Premier Modise.
Three hundred and sixty jobs of which 263 are permanent and 97 temporary were created in the sector through the allocated loans granted to SMME’s.
The Small, Medium and Micro Enterprise (SMME) sector has been prioritised by government as it has the potential to address socio-economic challenges facing both developing and developed countries. It is argued that without small business development, economies stagnate, unemployment levels continue to rise and the general standard of living deteriorates.
Enquiries:
Lesiba Moses Kgwele (Spokesperson)
Tel: 018 388 3705
Cell: 083 629 1987
Fax: 018 388 3157
E-mail: LKgwele@gmail.com
