Gauteng announces the commencement of SMME fund applications

www.gep.co.za Department of Economic Development 2021/08/23 - 22:00


Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development, Parks Tau and CEO of Gauteng Enterprise Propeller, Saki Zamxaka joined by the Industrial Development Corporation (IDC) today announced the opening of applications for the Gauteng Rebuilding Fund aimed at supporting businesses that have been impacted by both the COVID-19 pandemic and the recent township unrests.  

The R100m fund is the Gauteng provincial government’s package as a response to the unprecedented challenges facing small businesses in the wake of COVID-19 and the recent riots and looting that affected parts of the country, particularly in Gauteng and KZN. The amount includes R50m committed by the Gauteng Provincial government and a further R50m raised through partnerships with the Industrial Development Corporation.  

Qualifying businesses can now visit www.gep.co.za to download applications and follow the instructions stated on the website; alternatively, interested business owners can visit their nearest regional office to get application assistance. The funding will be available on a first-come, first-served basis until the funds are exhausted. GEP will also welcome businesses that seek only non-financial support.

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