💡With government offering incentives to switch to solar energy, here's how small businesses will benefit from a bounce-back loan scheme to cushion the impact of load shedding. Eskom loadshedding TheCitizenNews Find out more⬇️
Bounce-back loan scheme for effects of pandemic
Now Inospace, South Africa’s largest owner of serviced logistics parks, is pushing for government to clarify what the loan scheme will entail. “Inospace believes government must urgently provide funds and facilities to help small businesses with their existing debts and payments, buy raw materials and manage other operational and procurement costs,” Jacques Weber, COO of Inospace says.
The department of small business development recently said that, together with public and private stakeholders, it was working on an energy relief package for SMEs affected by load-shedding. “We would welcome “bounce-back” measures that translate into financial assistance,” says Weber. While load shedding persists, thousands of SMEs are staring down the barrel contemplating shedding jobs, lowering production or possibly winding up. The SME segment of the economy does not have the means to get off the grid through costly alternative power solutions, he says.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Load shedding to alternate between stage 4 and 5 this week | The CitizenThe pattern of stage 4 loadshedding from 05:00 to 16:00 and stage 5 load shedding from 16:00 to 05:00 will be repeated until further notice, Eskom said in a statement.
Read more »
EDITORIAL | Business’s traffic light bulb moment is another free pass for the stateIt’s time government stopped looking to business for help every time it fails to deliver
Read more »
EDITORIAL | Business’s traffic light bulb moment is another free pass for the stateIt’s time the government stopped looking to business for help every time it fails to deliver.
Read more »
EDITORIAL | Business’s traffic light bulb moment is another free pass for the stateIt’s time the government stopped looking to business for help every time it fails to deliver.
Read more »
PetroSA plans network of gas-fired power plants to fight load-sheddingPetroSA wants to build gas-fired power plants that will contribute 180MW to the grid.
Read more »
Legal action to exempt schools, police stations, hospitals from load-sheddingA team comprising nineteen civil society organisations, trade unions, and political parties want to force the government to exempt critical sectors from load-shedding.
Read more »