CHDM SPENDS R4 MIILLION ON SMMES
Small, Medium and Macro Enterprises (SMMEs) received a major boost from Chris Hani District Municipality (CHDM) a through financial support recently made available for them.
A sum of R4 million was spent for the purchase of essential equipment for 40 emerging local businesses for purposes of growing their businesses. SMMEs initially submitted their applications for funding to the district and the beneficiaries were successful during the open application window period.
A number of businesses across CHDM jurisdiction continue to receive support aspart of CHDM’s SMME Strategy which was developed in 2010. The implementation of the strategy has seen establishments in various sectors receiving funding in the form of equipment, machinery, and trading stock, and at times the transfer of financial resources depending on the nature of a request and approval thereof. CHDM has also developed a monitoring mechanism in an effort to ensure proper use of material acquired and further provide necessary technical assistance where needed for businesses to thrive.
The Portfolio Head for Integrated Planning and Economic Development, Councillor Sibongile Mbotshane, expressed his delight over the commitment made by CHDM towards supporting small businesses. “We are indeed pleased to have taken giant steps in fulfilling our commitment to local businesses. As Council we are trying our level best to ensure that assistance is given to all deserving and emerging businesses across the District. With the new funding model we will be able to ensure that our selection is impartial and benefits sustainable businesses”.
One of the support recipients Mr Mabhuti Ncamile of Masibulele Winders based in Komani said, “My company has been operating since 2010 and I have been in dire need of essential tools required for my operations and the Municipality came to my rescue by acquiring a container, wiring and tools. My business involves epairing of sewer pumps and I have not been operating optimally due to lack of tools. I am now able to function independently and in the long-run aiming to work directly with government as I am currently getting as appointments as a sub-contractor”.
Funding for other SMMEs will also be allocated in the current financial year as guided by the funding model that was endorsed by Council in 2017. This new model seeks to ensure a transparent and credible process of selection for funding. Only businesses and projects based in Chris Hani District Municipality are eligible to apply. Businesses operating in CHDM are encouraged to use opportunities like these as we hope to empower our SMMEs who will in turn help enhance our local economy.
Further details can be obtained from Thobeka Mqamelo on email@example.com / 0825632976