Officials Worry SA’s Spaza Shop Fund Will Fall Prey to ‘Sticky Fingers’

Officials worry SA’s spaza shop fund will fall prey to ‘sticky fingers’

There is widespread concern the R500-million SA spaza shop fund will be misappropriated if it is not well managed from the start. This is the view of the President of the South African Spaza and Tuckshop Association (SASTA), Kgothatso Ramautswa. Ramautswa said the spaza shop fund has the potential to stabilise the hard-hit informal industry. However, the associated also expressed concern that aid may be misappropriated due to ‘sticky fingers.’ A…

Spaza Shop Support Fund Campaign Reaches Mbizana to Empower Local Entrepreneurs

In a major boost for township entrepreneurship, the Spaza Shop Support Fund Awareness Campaign has reached the town of Mbizana in the Eastern Cape. The initiative is part of a nationwide drive led by the Department of Trade, Industry and Competition (the dtic) and the Department of Small Business Development (DSBD) to educate local business

Spaza shop owners urged to apply for R500m support fund

The Portfolio Committee on Small Business Development has urged all South Africans who run registered spaza shops and food-handling businesses to apply for financial support from the R500 million Spaza Shop Support Fund. The appeal comes after a briefing on Wednesday from the Department of Small Business Development revealed that only a fraction of the applications submitted have been successfully processed since the fund’s launch in April. Out …

Spaza shop owners fail to prove ownership, miss out on R500m funding

Only 387 out of 3269 applications have been successfully processed for the R500m spaza shop support fund under the Department of Sm