Barbara Creecy, Gauteng’s Financial MEC, announced that her government would fund a joint venture with the private sector to help entrepreneurs from informal settlements.
The project is designed to raise funds and create markets for emerging entrepreneurial products.
About R124 million has been allocated for the project. A similar project is being launched in the Western Cape where Tourvest Destination Retail, together with the West Coast District Municipality, will give opportunities to local manufacturers to market their products to tourists.
Preference will be given to businesses owned by blacks to prevent the whites from gaining control over the projects.
The original article can be read in Afrikaans on Die Vryburger
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