The Department of Small Business Development has reminded the public to submit comments on the Draft South African Small, Medium and Micro Enterprises (SMMEs) and Co-operatives Funding Policy, as the deadline approaches.<\/P>
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The draft policy proposes 17 critical interventions that will enable the estimated 3.2 million SMMEs and 43 000 cooperatives in the country to thrive.<\/P>
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These interventions include addressing fragmented financial support mechanisms, consolidating a database of small businesses, improving access to start-up capital and increasing business development support.<\/P>
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The draft policy was published on 14 April 2023 by the Minister of Small Business Development, Stella Ndabeni-Abrahams.<\/P>
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Comments must be submitted within 30 days from the date of publication of this notice.<\/P>
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Late written submissions will not be considered.<\/P>
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The policy forms part of other interventions to support small businesses, including the National Integrated Small Enterprise Development Framework that was approved by Cabinet in 2022.<\/P>
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\u201cGovernment has prioritised SMMEs and cooperatives\u2019 support because these businesses create the most jobs and provide the most opportunities for people to earn a living,” a Cabinet statement said.<\/P>
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The draft policy has been published in the Government Gazette and well as the website of the Department of Small Business Development on www.dsbd.gov.za<\/P>
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Link to draft policy: http:\/\/www.dsbd.gov.za\/sites\/default\/files\/Final%20Gazetted%20SMMEs%20and%20Co-operatives%20Funding%20Policy.pdf. – SAnews.gov.za<\/P>
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Source: South African Government News Agency<\/P>
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