Small Business Development Minister, Stella Ndabeni-Abrahams, has encouraged small businesses in cities and rural areas to apply for support through the Urban and Rural Entrepreneurship Program (Trep).
“We are deliberately dealing with unemployment and poverty, but we also have a responsibility to grow the economy,” Ndabeni-Abrahams said.
Speaking at 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 being a loan.
“Trep is a dedicated program for transforming and integrating opportunities in cities and rural areas into productive business ventures. The focus is on creating platforms that provide business support infrastructure and a regulatory environment that allows entrepreneurs to thrive,” said Ndabeni-Abrahams.
Urban or rural entrepreneurs can apply for support, including funding, through a common application form from the Small Enterprise Development Agency (Seda), the Small Enterprise Finance Agency (Sefa), the National Empowerment Fund (Nef) and the National Youth Development Agency (NYDA) ).
Business owners must be South African citizens.
The following schemes are available for qualifying entrepreneurs:
– Support program for small bakeries and pastry shops
– Support program for auto body shops and mechanics (as well as small and independent auto parts stores and informal automotive entrepreneurs)
– Support program for butchers
– Clothing, leather and textile support program
– Support program for personal care
– Spaza-shop support program
– Tshisanyama and cooked food support program
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