Small businesses are encouraged to apply for the SEDFA Asset Assist Programme for SMEs to get funding for selected equipment and working capital. The program aims to provide assistance to Small, Medium, and Micro Enterprises (SMMEs) by providing them with funding to purchase equipment for starting operations or for increasing production. The Asset Assist Programme is specifically targeting machinery, equipment, and procurement of raw materials.
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South Africa's township economy, worth over R100 billion, is under siege by counterfeit goods. With 15-20% of spaza shop products potentially fake, legitimate businesses face devastating economic challenges. These counterfeit items erode profit margins, undermine local entrepreneurship, and pose serious health risks, particularly in pharmaceutical and food sectors.
The impact extends beyond individual businesses, threatening job creation, tax revenue, and economic growth. Combating this issue requires a multi-faceted approach: stronger law enforcement, consumer education, government support, and industry collaboration. By addressing the counterfeit trade, we can protect township entrepreneurs and safeguard South Africa's economic future.
Read MoreCounterfeit Goods and the Struggle of the Township Entrepreneur
