MP govt partners with Std Bank in bid to grow small biz

A NEW DAWN: Small businesses in the province have a lot to look forward to. PICTURE BY Gallo Images.

The launch of the Mpumalanga Enterprise Development Fund was attended by Premier David Mabuza.

The Mpumalanga government wants citizens to start their own businesses and will assist them to grow in a bid to fight unemployment and poverty.

The provincial government has now partnered with Standard Bank to launch the Mpumalanga Enterprise Development Fund.

Premier David Mabuza delivered the keynote note address at the launch of the Fund and an agreement to establish the fund was signed between the department of economic development, the Mpumalanga Economic Growth Agency (MEGA) and Standard Bank.

The event took place in Bethal this week.

Premier David Mabuza said this was an opportunity for people wishing to start their own businesses and wishing to grow them.

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People will apply to the Fund and get help on their various projects across the province.

“We went out of our way to partner with Standard Bank,” Mabuza said.

“We said to Standard Bank, ‘help these businesses with finance’, but if you want to use that money to buy a suit, that will not happen. If you want to start a business to produce bricks, we will buy you a brick-making machine,” the Premier said.

“This is your opportunity to go and start your own businesses,” he said.

Mabuza told the crowds sitting in a tent at the Bethal township of eMzinoni that an amount of R300 million has already been set aside to assist the small business sector.

To access financing small businesses can visit any standard bank branch in the province and apply.

SEE ALSO: Mabuza wants govt to fund poor build own houses, produce quality bricks

(edited by ZK)

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