South Africa Minister of Small Business Development, Stella Ndabeni-Abrahams, has praised the Small Enterprise Amendment act newly signed into the bill.
Ndabeni said the amended National Small Enterprise Act will enhance support for small businesses, aiming to level the playing field and provide more integrated financial and non-financial assistance to Micro, Small, and Medium Enterprises (MSMEs) and cooperatives.
She also emphasized on the significance of the amended legislation, describing it as transformative milestone for the small business sector.
‘’We are confident that the National Small Enterprise Act as amended will turn the tide in favour of small business,’’ she said.
‘’The lack of effective and affordable access to justice mechanism for small enterprises has been a significant concern.
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.