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Acme United Corporation (AMEX:ACU) Q4 2024 Earnings Call Transcript

Spaza shops who met registration deadline to receive support

Spaza shop and food handling businesses that applied to register their businesses with their local municipalities but were awaiting their registration outcomes will not be penalised, Small Business Development Minister Stella Ndabeni said.
The article from SAnews.gov.za discusses the initiative by the Department of Small Business Development in South Africa to support spaza shops that complied with the registration deadline set for January 31, 2023. The department, led by Minister Stella Ndabeni-Abrahams, aims to enhance the formalization of these small businesses, which are predominantly run by foreign nationals. The support includes business development services, access to finance, and training to ensure these shops meet health and safety standards. This move is part of a broader strategy to integrate spaza shops into the formal economy, thereby improving their sustainability and compliance with local regulations. The initiative also seeks to address issues like counterfeit goods and ensure that these businesses contribute positively to the local economy.

Read the Full sanews Article at:
[ https://www.sanews.gov.za/south-africa/spaza-shops-who-met-registration-deadline-receive-support ]