By The Free State provincial government has been on a drive to revive the economy of the province and also exploit the multi-billion township economy that will create the much need jobs and reduce poverty in the Free State.
The Free State MEC for the Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA) Mr Thabo Meeko, will today, Tuesday, 30 April 2024, handover productive equipment to the tune of R3.6 million to 20 enterprises from townships across the province.
The enterprises are from divers sectors including: Manufacturing, Science and Technology, Hospitality, Retail, Fast Food outlets, Tourism, Textile, Automotive, and Courier Services (shared economy), and the equipment ranges from delivery bikes, bakery equipment, shoe cleaning equipment & tyre shop equipment, butchery equipment, brick making machine, and events equipment.
“The main purpose of providing support to enterprises is to stimulate economic activities in the townships in an effort to revive and resuscitate township economy to ensure its contribution to the overall economy of the province,” said DESTEA.
According to the department, the enterprise support is through an initiative called Business Development Support in collaboration with strategic partnership where enterprises are provided with financial and non-financial support, equipment and working instruments necessary to ensure business sustainability. The aim of the initiative is to promote the culture of entrepreneurship, especially around townships.
Additionally, Business Development Support Initiative engages township businesses to find sustainable and innovative ways to create more economic activities in townships.
MEC Thabo Meeko will hand over the equipment at the Mangaung SMME Hub in Freedom Squre at 10am.
