Question NW21 to the Minister of Small Business Development
20 April 2021 - NW21
Mthenjane, Mr DF to ask the Minister of Small Business Development
What (a) total amount of the budgeted COVID-19 relief fund for small businesses has been distributed to date and (b) is the racial profile of the businesses to which the specified funds were distributed?”
Reply:
a) Disbursements under the SMME Debt Relief Fund amounted to R316.2 million to 1 151 SMMEs of the R513 million that was set aside. It must be noted that no additional claims from approved beneficiaries were received against the Scheme when the economy moved to lockdown level 3.
b) The racial profile of the businesses is outlined as follows:
|
Race |
Number |
% |
|
Asian |
3 |
0.26 |
|
Black |
696 |
60.47 |
|
Coloured |
67 |
5.82 |
|
Indian |
98 |
8.51 |
|
White |
287 |
24.93 |
|
Total |
1 151 |
100.00 |