• Sun, March 2, 2025

by: sanews

Spaza shops who met registration deadline to receive support

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Scores of foreign nationals applied to have their spaza shops registered in Gauteng

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Trump allies pressure Zelenskiy to change course or resign

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How to sign up for our email newsletters

We publish a range of email newsletters and this page explains how you can sign up to them. You can unsubscribe at any time. FOR FINANCE INDUSTRY PROFESSIONALS For finance industry professionals, we publish a Banking and Finance daily newsletter (BFDN).

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Trump's Strategic Crypto Reserve And What It Means For Crypto And You

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by: sanews

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by: Forbes

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Should You Buy S&P Global While It's Below $550?

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by: MSN

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R500 million initiative to assist spaza shops in South Africa

Minister Stella Ndabeni-Abrahams on Sunday announceds a new initiative to assist spaza shops with financial support and training to improve their operations.
  • Mon, March 3, 2025

by: frontpageafricaonline

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by: Reuters

Swiss central bank posts record 2024 profit of nearly $90 billion

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AECI boosts mining division's black ownership in R522m transaction

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Minister announces fund to support spaza shops

Small Business Development Minister Stella Ndabeni has announced the creation of a R500 million Spaza Shop Support Fund that aims to enhance market competitiveness to help spaza shops and food handling outlets compete with larger retailers.
The article from SAnews.gov.za discusses the announcement by South African Minister of Small Business Development, Stella Ndabeni-Abrahams, regarding the launch of a R50 million fund aimed at supporting spaza shops, which are small, informal retail outlets typically found in townships and rural areas. This initiative, named the Spaza Shop Support Programme, is designed to empower local entrepreneurs by providing them with financial assistance, business development support, and training to enhance their operations. The fund will help these small businesses to formalize, improve their product offerings, and compete more effectively with larger retail chains. The program also aims to address issues like food security, economic inclusion, and the reduction of poverty by fostering local economic development. The Minister emphasized the importance of these shops in the community, not only as economic entities but also as vital social hubs.

Read the Full sanews Article at:
https://www.sanews.gov.za/south-africa/minister-announces-fund-support-spaza-shops

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