18 April 2020 – Established support scheme for informal convenience stores and general dealers

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Government of South Africa in partnership with Nedbank created a support scheme for ‘Spaza shops’ (informal convinience stores).

The support scheme is also intended for general dealers and grocery stores in townships and villages that are 100 percent owned by South African Citizens. Support includes access to working capital investment and credit facility, business management support and legal compliance support.
Full details here: https://www.gov.za/speeches/small-%C2%A0business-development-announces%C2%A0guidelines%C2%A0-participation-spazashops-and-general