The NEF says the Economic Distress Fund will offer concessionary business loans as well as equity funding with a maximum interest rate of 2.5%.
Photo: Getty Images
The National Empowerment Fund
(NEF) and the Department of Trade, Industry and Competition have launched an to help black-owned businesses
recover from the Covid-19 induced financial crunch.
The institution said the new
fund, announced on Saturday will offer concessionary business loans as well as equity
funding with a maximum interest rate of 2.5%.
Eligible businesses will be
able to access between R250 000 and R10 million in funding. But they must
provide proof of commercial viability and must demonstrate that the need for
Emmanuel Mohlamme. (Supplied)
Russell Baloyi writes he will struggle to get over the death of NEF spokesperson and well-known photographer Emmanuel Mohlamme, who recently died of Covid-19.
May his/her soul rest in peace has suddenly become MHSRIP, as people get tired of writing it out in full as they write yet another message of condolence.
One of the Covid-19 deaths is not just a number to me. He was a friend and comrade.
We can t properly bid farewell at a funeral out of respect for the living and in adherence to Covid-19 regulations.
Never thought the day would come when we would have to find closure following the death of a loved one without attending the funeral or physically supporting the family in some way. We can only turn to writing and virtual services to honour and celebrate the lives of our late loved ones.
Mazibuko s successful business made him the king of icing gcis vuk uzenzele > By gcis vuk uzenzele - 06 January 2021 - 07:00 Pastry chef Gugu Mazibuko is making his mark in the cake industry while also creating jobs and boosting the South African economy. Image: Supplied.
Pastry chef Gugu Mazibuko (25) is building a reputation as a cake decorating king in Pietermaritzburg, KwaZulu-Natal (KZN), where he runs his own confectionery business.
Mazibuko grew up in Ulundi in northern KZN. His mother was a good baker and this inspired the young Mazibuko to pursue a career in food.
“I knew that I wanted to be in food, but I didn’t know which path I wanted to take. I went to several different colleges before I eventually discovered that working with pastries was what I wanted to do,” says Mazibuko.
Dan Roodt, American Renaissance, February 25, 2006
I was given the opportunity to change the title of this topic but I have preferred not to, even though I do not think that South African whites in general or the Afrikaner people in particular are a tribe. Rather, as I have suggested in my essay published in American Renaissance in May/June 2004, which was reprinted in my book
The Scourge of the ANC, Afrikaners are a “cultural nation of the European type”: “During the late 19th and early 20th centuries, they went through a great Romantic movement, a flowering of literature, translations, music and historical reflection that bound them into (such a nation).”
Cotton farmers weave their way to success gcis vuk uzenzele > By gcis vuk uzenzele - 14 December 2020 - 07:00 Petros Sithole, the chairperson of the Lebombo Secondary Cooperative. Image: Supplied.
The Lebombo Secondary Cooperative in Malelane, Mpumalanga has brought together 29 primary cooperatives to produce cotton that is used for clothing and animal feed, says Petros Sithole, the chairperson of the Lebombo Secondary Cooperative.
“The primary cooperatives use 3 000 hectares to produce the cotton. At the peak of the harvest in 2016 we were able to produce 2 million kilograms of raw cotton,” says Sithole.
He adds that the primary cooperatives are made up of 1 188 farmers who employ seasonal 4 500 employees during the November to May planting and harvesting period. Women represent 63% of the workers.