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The Department of Small Business Development (DSBD) is one of the ministries of the South African government. It was established in 2014 to support small businesses and cooperatives. [2] The current political head of the department is the Minister of Small Business Development, Stella Ndabeni-Abrahams who replaced Khumbudzo Ntshavheni in 2021. [3]
President Jacob Zuma announced the formation of the new Small Business Development Ministry on 25 May 2014. [1] Its purpose was to promote and develop small businesses and co-operatives by focusing on both economic incentives and legislation so as to stimulate entrepreneurship in South Africa and transform the lives of economically disadvantaged people.
Stella Tembisa Ndabeni-Abrahams (born 30 June 1978) is a South African politician who is currently serving as the Minister of Small Business Development since 5 August 2021. She previously served as Minister of Communications and Digital Technologies from November 2018 to August 2021.
In 2021, the role gained additional responsibility for economic development, being renamed Minister of International Trade, Export Promotion, Small Business and Economic Development. [3] In 2023, the role lost responsibility for small business to the Minister of Small Business, shifting to its current title as a result.
As Minister of Small Business and Export Promotion, Ng oversaw the development and implementation of several key support programs during the COVID-19 pandemic including: The Canada Emergency Business Account (CEBA) [23] which provided interest-free loans of up to $60,000 to small businesses and non-profits, The Canada Emergency Commercial Rent ...
Khumbudzo Phophi Silence Ntshavheni (born 30 January 1977) is a South African politician who is currently serving as Minister in the Presidency since March 2023. She was formerly the Minister of Communications and Digital Technologies from 2021 to 2023 and the Minister of Small Business Development from 2019 to 2021.
As a small business owner, you have control over running your business and what products or services you offer. Some benefits that come along with owning your business are: Potential for success
Raesetja Jane Sithole (born 23 August 1970) is a South African politician who currently serves as Deputy Minister of Small Business Development in Government of National Unity (GNU) since June 2024. [1] She served as a Member of the Mpumalanga Provincial Legislature since May 2014 and as a Provincial Leader of the Mpumalanga Democratic Alliance ...