Eastern Cape Premier Oscar Mabuyane has established an Economic Commission to assist the business sector after the coronavirus lockdown ends.
Mabuyane says the commission will be looking at short, medium and long term solutions.
He met with the Nelson Mandela Bay business sector in Port Elizabeth to find solutions and support from the business sector.
The Eastern Cape economy relies heavily on the automotive industry.
Mabuyane says a plan must be made to recoup all the production that has been lost.
He says, “We’ve got to reconnect, re-kick-start this economy and our economy is anchored around the automotive industry. So it’s critical that we’ve got a common understanding and a common approach on whatever we are trying to do. Government continues creating a conducive environment for business to thrive.”
In the video below, Eastern Cape to roll out COVID-19 testing:
Support schemes for informal traders
Small Business Development Minister, Khumbudzo Ntshavheni says government is finalising the support scheme for informal traders and spaza shops.
Addressing the media in Pretoria on Tuesday, Ntshavheni says the support will come in the form of bulk buying arrangements, access to seed capital and business management training.
She says more details about the support scheme will be announced later this week.
Ntshavheni says, “We are also going to assist spaza shops those without bank accounts to access bank accounts … the spaza shop owner must be willing to register on the CIPC and UIF.”
”They must give us proof of banking, they must register in SMME SA. We are going to communicate that when we communicate the date for opening.”
In the video below, Khumbuzo Ntshavheni addresses the Inter-ministerial committee media briefing on COVID-19:
Below is a Live Tracking of the cases, death toll and other information:
