Khumbudzo Ntshavheni, the Minister of Small Business Development, recently held a press briefing to update members of the media on the outcomes of the latest Cabinet meeting. The meeting, which was held on Tuesday, 23rd March 2021, discussed various issues and decisions that will have a significant impact on the country’s economy and its citizens.
During the briefing, Minister Ntshavheni highlighted the key points discussed in the Cabinet meeting and how they will benefit the country and its people. She began by addressing the current state of the economy, which has been greatly affected by the ongoing COVID-19 pandemic. She emphasized the government’s commitment to supporting small businesses, which have been hit the hardest by the pandemic.
The Minister announced that the Cabinet has approved the extension of the COVID-19 Temporary Employer-Employee Relief Scheme (TERS) until 15th April 2021. This scheme provides financial relief to employees who have lost their jobs or have had their salaries reduced due to the pandemic. The extension of TERS will provide much-needed support to those who are struggling to make ends meet during these challenging times.
In addition to the extension of TERS, Minister Ntshavheni also announced that the Cabinet has approved the establishment of a R1.2 billion fund to support small businesses affected by the pandemic. This fund will provide financial assistance to small businesses in various sectors, including tourism, hospitality, and the creative industry. The Minister emphasized that this fund will be accessible to all qualifying small businesses, regardless of race or gender.
Furthermore, the Cabinet has also approved the establishment of a R3.9 billion fund to support small-scale farmers and cooperatives. This fund will provide financial assistance to farmers who have been negatively impacted by the pandemic and will also help to boost food security in the country. Minister Ntshavheni stated that this fund will be managed by the Department of Agriculture, Land Reform, and Rural Development, and will prioritize emerging farmers and cooperatives.
The Minister also announced that the Cabinet has approved the extension of the National State of Disaster until 15th April 2021. This extension will allow the government to continue implementing measures to curb the spread of COVID-19 and provide support to those in need. Minister Ntshavheni urged all citizens to continue adhering to the COVID-19 regulations and protocols to help contain the virus.
In addition to the COVID-19 related decisions, the Cabinet also discussed other important matters, including the country’s vaccination program. Minister Ntshavheni assured the media that the government is working tirelessly to ensure the successful rollout of the vaccination program. She also urged citizens to trust the safety and efficacy of the approved vaccines and to get vaccinated when their turn comes.
The Minister also touched on the recent unrest in the country’s education sector, particularly the protests at universities and TVET colleges. She stated that the government is committed to resolving the issues and ensuring that students can continue their studies without any disruptions. She also urged students to engage in peaceful and constructive dialogue to find solutions to their concerns.
In conclusion, Minister Ntshavheni’s briefing on the outcomes of the Cabinet meeting highlighted the government’s commitment to supporting small businesses and citizens during these challenging times. The decisions taken by the Cabinet will have a positive impact on the economy and will provide much-needed relief to those who have been affected by the pandemic. The Minister’s positive and reassuring tone during the briefing is a testament to the government’s dedication to serving its people and overcoming the challenges brought by the pandemic.