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MEC slams poor roll-out of relief funds


MEC slams poor roll-out of relief funds
By Vernon Mchunu
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DURBAN - KWAZULU-Natal Economic Development, Tourism and Environmental Affairs (EDTEA) MEC Ravi Pillay has blamed the application criteria for the poor roll-out of the Loan Guaranteed Scheme (LGS).
The LGS was aimed at bringing relief to the small business sector.
Pillay was reacting to the announcement that the scheme – first introduced in April last year as part of an Economic Stimulus package to keep struggling businesses afloat in the wake of the Covid-19 economic crunch – would remain available for another three months.
The businesses whose resilience depended on securing a bank loan would continue to be guaranteed approval under favourable conditions until July 11, according to a joint statement issued by the National Treasury, the Reserve Bank and the Banking Association of South Africa (Basa). ....

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Liquor traders at risk of losing licences if they contravene lockdown regulations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.


31 December 2020, 9:34 AM
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SABC  | 
@Wendy Mothata
Image: ReutersAn increase of up to 8% on excise duties on alcohol and cigarettes was announced.
KwaZulu-Natal Economic Development MEC, Ravi Pillay has warned liquor traders that they risk losing their licences if they contravene the lockdown regulations under which the sale of alcohol is prohibited.
This warning comes amid reports that some liquor outlets have continued selling alcohol despite the ban. Pillay says in the past the provincial liquor authority had suspended licences for between one and three months.
The MEC says, “Stricter sanctions apply because of the severity of the second wave of the coronavirus pandemic. Furthermore, persons who are found trading in liquor illegally will also be entered into a database so that their actions are taking into consideration if they make applications for tr ....

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