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R500m fund for spaza shops
The Citizen
|April 10, 2025
Experts commend govt's support to township economy.
Business experts commend the R500 million spaza shop support fund but stress the need for transparency in fund distribution and support.
The government's allocation of R500 million for spaza shop development is being welcomed by business experts and authorities.
Minister of Trade, Industry and Competition Parks Tau and Minister of Small Business Development Stella Ndabeni-Abrahams launched the fund in Soweto this week.
Ndabeni-Abrahams said the fund, which will be jointly administered by the National Empowerment Fund and the Small Enterprise Development Finance Agency, will provide financial and non-financial support to township businesses.
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