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Gauteng launches R300m debt fund to boost township entrepreneurship

SAITEX

Statement by the Gauteng MEC for Economic Development, Parks Tau (MPL), following the 2022/2023 Budget Vote Speech, Gauteng Legislature

To drive economic acceleration and employment creation in the Gauteng City-Region (GCR), we provide the following Progress Update in our collaborative work with various partners.  Firstly, let us state upfront that the Public Private Growth Initiative (PPGI) is commendable as a key enabler we have agreed upon, with leadership from all 10 high-growth sectors identified in the GGT2030 plan of action.

Township Economy Development Act will not restrict any township trading

Gauteng MEC for economic development, environment, agriculture and rural development Parks Tau says the act will not disrupt existing township enterprises but rather aims to boost local businesses' ability to compete.

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