Budget vote speech by the Minister for Small Business Development, Ms Khumbudzo Ntshavheni (MP)

“We want SMMEs to contribute to the attainment of at least two of the goals as set by our President. So, our work in this term of office, will be directed at ensuring that SMMEs and cooperatives contribute to the two goals of: our economy growing at a much faster rate than our population; and, two million more young people being in employment over the next 10 years. We are fully aware that to achieve these, SMMEs must have access to strategic resources such as skills, knowledge networks, finance, and access to facilities/platforms, amongst others, that will enable them to nurture their innovative ideas. Our focus on improved access to finance, includes initiatives to make SMME finance more affordable. The plan is to make cost of money less expensive, starting with the cost of sefa financing.”

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