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30 June 2008
Small businesses in townships across Gauteng will this year be targeted for assistance through various financial and non financial support mechanisms.
This was announced by Gauteng MEC for Finance and Economic Affairs, Paul Mashatile, when he tabled the budget vote speech of the Department of Economic Development at the Gauteng Legislature.
Mashatile said that the Gauteng Enterprise Propeller will roll out the Township Business Renewal Programme with a view to assist township businesses to be sustainable. This Programme will be undertaken as part of the Gauteng Twenty Priority Townships Programme, which seeks to improve infrastructure in twenty old established townships across Gauteng .
Mashatile allocated R 53.6 million to the Gauteng Enterprise Propeller for the current financial year.
Also presenting the Budget vote speech of the Gauteng Treasury Mashatile said that the Gauteng Treasury will continue to support municipalities across the province with a view to enhance their financial management capacity.
“This we are doing as part of our ongoing commitment to make local government work better,” he said.
Mashatile also said that the GSCC has b een an important catalyst in the implementation of the Gauteng Broad-Based Black Economic Empowerment Strategy.
During the past two financial years, the GSSC has not only met, but has surpassed the Gauteng Provincial Government's target of ensuring that 40% of the procurement spent is targeted towards Black and Small Companies.
Mashatile said; the 2008/09 financial year budgets seek to consolidate the gains made by his departments in contributing to the achievement of the Gauteng Provincial Government five year strategic priorities.
He said that through these budgets, the Department of Economic Development, The Gauteng Treasury and Gauteng Shared Service Centre collectively will make their contributions towards ongoing and collective efforts to build an even better Gauteng, able to respond to the genuine aspirations of its citizens.
He called on leadership in Gauteng to work together in order to ensure that the current political term is completed successfully and that the objectives of vision 2014, to halve poverty and unemployment, are met.
For more information please contact Percy Mthimkhulu on 082 379 1913
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