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Hit hard by unrest? Government has earmarked R4bn for businesses to rebuild

30 July 2021 - 09:30 Trade and industry minister Ebrahim Patel outlined his department s plan to provide relief to businesses affected by the unrest. File photo. Image: Freddy Mavunda Nearly R4bn will be reprioritized to help businesses hard hit by the unrest in KwaZulu-Natal and Gauteng, said trade and industry minister Ebrahim Patel in a media briefing on Thursday.  The briefing was preceded by the minister s visit to affected areas in KwaZulu-Natal and Gauteng, including Soweto and Alexandra townships. The government interacted with more than 200 businesses affected by the unrest.  “A package has been put together where the department of trade & industry and small businesses has reprioritized R1bn of funding from other programmes and will be shifted now to this response fund. This will be supplemented by R1.3bn that the National Treasury will make available.”

Patel: 10,200 jobs have been affected by unrest

Friday 30 July 2021 - 7:20am File: Trade Minister Ebrahim Patel. GCIS GCIS JOHANNESBURG - Trade and Industry Minister Ebrahim Patel says 10,200 jobs have been affected by the recent civil unrest.  The minister says from the 1,070 businesses surveyed, 40-percent are uninsured. 

Govt working overtime to help businesses recover and restore investor confidence since unrest

Netwerk24 Government is working overtime to help businesses recover amid concerns over a longer-term knock to investor confidence caused by the recent unrest. A survey estimates that 10 200 jobs have potentially been affected. Of the businesses surveyed, 60% had insurance and the rest were uninsured for unrest of this nature. Government is working overtime to help businesses recover amid concerns over a longer-term knock to investor confidence caused by the recent unrest, Minister of Trade, Industry and Competition (DTIC) Ebrahim Patel said during a media briefing on Thursday. The DTIC and the Department of Small Business Development are working together to deal with damage caused by recent looting and rioting in parts of Gauteng and KwaZulu-Natal. Talks are also under way with investors and the business sector – both formal and informal, Patel said.  

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