Budget Vote of R2.3 Billion: Will cooperatives see any of it?
Small Business Development Budget Vote of 2.3 Billion: Will cooperatives see any of it? By S Mkwanazi | ACI-SA Associate Fellow | 25 July 2020 The Department of Small Business Development (DSBD) tabled a R2.3 billion budget vote and which had to be welcomed by both the public and entrepreneurs out of no options. This taxpayers money is meant to be invested in programmes that will grow the taxbase in creating jobs, supporting small businesses and cooperatives. While the department has been doing its best to deliver programmes that are relevant for both SMMEs and Small businesses, corruption and irregularities in funding processes, and procurement deals not only have sabotaged the department’s agenda but have collapsed its strategies. Some may argue that the department is able to implement programmes and other forms of support through its agencies. This is only true to some extent. The department’s programmes are dependent on the actions and behaviours of other government departments, di