FOREIGN REPLACEMENT LOOMS: Dept of Small Business registers 400 000 small businesses and spaza shops

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PRETORIA - Some 400 00 informal and micro businesses have been captured on the Department of Small Business Development (DSBD) Connect System.

This is according to Inter-Ministerial Committee on Migration Chairperson and Justice Minister Mmamoloko Kubayi, who briefed the media on Sunday.

“Registration of Informal and micro businesses is continuing. To date, more than 400 00 businesses have been captured on the DSBD Connect System, and the implementation of the plan will increase the number of registered businesses.

“DSBD, SALGA [South African Local Government Association] and COGTA [the Department of Cooperative Governance and Traditional Affairs] are finalising the Project Implementation Plan,” Kubayi said.

The system is a digital platform aimed at assisting the department to regulate and support spaza shops while helping small businesses to, among others, access funding and form OEM [Original Equipment Manufacturer] partnerships.

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