Govt To Avail $19,5 Million For Businesses Destroyed During January Riots – Mthuli Ncube

The Minister for Finance and Economic Development, Mthuli Ncube on Friday said that the government will provide $19,5 million from a special fund for businesses that were destroyed during last month’s protests.

Ncube revealed this while speaking during a meeting with various stakeholders at Mhlahlandlela Government Complex. Said Ncube:

Hundreds of businesspeople lost property, people lost employment and families were impacted. We therefore want to give them a head start and help them start again. We’ll be setting up a fund to raise the $19, 5 million to assist the business people. We’re here to support businesses and help them recover.

We’ll try our best to move as quickly as we can. We’re going to prepare a report and the inter-ministerial committee will present the report to the President and Cabinet. Once approved we’ll then set up a technical committee to manage the disbursement of the funds.


More: Chronicle

Mthuli Ncube

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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  1. Donal Mac Cormaic Reply

    In addition Government should compensate businesses for lost business during internet shut down.

  2. Donal Mac Cormaic Reply

    Government should also financially compensate the families of the 17 people they have murdered, also the Government should pay compensation and the medical expenses of the hundreds of people they have injured and also compensate the women they have raped. Government should also provide compensation for the damage they caused to houses and businesses, windows they broke, cars the smashed, TV’s they smashed, computers and phones and toilet bowls they broke.

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