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Cash-strapped NWDC remains dysfunctional despite government bailouts

The North West Development Corporation (NWDC) continues to fail in its mandate to grow the provincial economy, through support to entrepreneurs and small, medium and micro enterprises (SMMEs) to bolster an environment conducive for job creation. Instead, the NWDC has become a bottomless money pit which recorded a financial loss of R39,415 million in 2019 and a staggering R92,739 million in 2021.

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