Govt to disburse R1.5 bn in relief funds following July riots, says Ebrahim Patel
Trade and Industry Minister Ebrahim Patel said they had approved applications amounting to R1.5 billion for relief following the July riots.
Patel was giving an update on the disbursement of funds alongside the National Empowerment Funds and the Industrial Development Corporation on Tuesday.
After the deadly riots in July that left thousands of businesses vandalized and crippled, Treasury earmarked about R3 billion to helps small and medium businesses.
Patel said now more than half of that had been allocated to businesses in retail and manufacturing.
“These [123] transactions would be where the company or association or intermediary put forward for support. So, it’s not just 123 sites.”
He said 320 business sites had been funded for rebuilding: “Those companies together employ about 13,800 workers.”
Patel said the government was now working on building what they have identified as critical infrastructure.
-EWN
In other news – Former Uzalo actor TK Dlamini (Mastermind’s) weight gain shocks the internet (PHOTO)
He may be gone from Mzansi’s most-watched show, but he’s still hard to forget. Uzalo’s much loved criminal, Mastermind, or real name TK Dlamini is making waves on social media after pictures of his weight gain shocked many of his fans.
He was spotted clubbing in Khayelitsha, Cape Town this past weekend with some of Mzansi’s biggest names, DJ Tira and Focalistic. Learn More
