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.
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