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Gauteng sets up R500m fund to help businesses hit by unrest and Covid-19 By Siphelele Dludla Share THE GAUTENG provincial government has established a fund with more than R500 million to help businesses affected by the recent looting and the Covid-19 pandemic to get back on their feet. Gauteng Enterprise Propeller (GEP) chief executive Saki Zamxaka made the announcement yesterday during an online engagement between the provincial government and black businesses. Zamxaka said R250m would be allocated to the Township Economy Partnership Fund from an additional budget allocated by the provincial Department of Economic Development. He said the GEP and the Industrial Development Corporation had already committed R150m each to a joint small, medium and micro enterprise (SMME) fund.

South africaSaki zamxakaDavid makhuraIndustrial development corporationDepartment of economic developmentTownship economic developmentTownship economy partnership fundEnterprise propellerGauteng provinceTownship economic development billTownship economy fundsதொழில்துறை வளர்ச்சி நிறுவனம்துறை ஆஃப் பொருளாதார வளர்ச்சிடவுன்ஷிப் பொருளாதார வளர்ச்சிகௌஊட்டெங் மாகாணம்டவுன்ஷிப் பொருளாதார வளர்ச்சி ர சி து