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North West Business 2021-22

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Development finance and<br />

SMME support<br />

The Mafikeng Digital Innovation Hub will assist small businesses.<br />

OVERVIEW<br />

The <strong>North</strong> <strong>West</strong> Provincial Government is investing in<br />

digital infrastructure. SMMEs will be able to use the<br />

newly-established Mafikeng Digital Innovation Hub<br />

(pictured) as a co-working environment and to get<br />

support in using digital tools.<br />

A Digital Covid-19 SMME <strong>Business</strong> Recovery training intervention<br />

was carried out by the Hub in partnership with the Department of<br />

Economic Development, Environment, Conservation and Tourism<br />

(DEDECT). This resulted in more than 180 entrepreneurs from all<br />

four districts of the province receiving training. A Youth Digital<br />

Skilling programme aims to teach skills such as software and app<br />

development, Artificial Intelligence and robotics.<br />

R6-million has been allocated for the <strong>2021</strong>/<strong>22</strong> financial year by<br />

the province to support women co-operatives and SMMEs. Support<br />

includes mentoring, training and buying equipment. Most of the<br />

Cooke’s Lake Information Centre in Mahikeng (excluding the existing<br />

office block) is to become a permanent flea market.<br />

The South African National Roads Agency Limited (SANRAL)<br />

currently has nine contracts covering more than 2 300km in the<br />

province. A set of subcontracts is being negotiated for routine<br />

maintenance such as the patching of potholes, fencing and the<br />

cutting of grass verges.<br />

ONLINE RESOURCES<br />

Mafeking Digital Innovation Hub: www.mafihub.co.za<br />

<strong>North</strong> <strong>West</strong> Development Corporation: www.nwdc.co.za<br />

Small Enterprise Development Agency: www.seda.org.za<br />

Tholoana Enterprise Programme: www.sabfoundation.co.za<br />

SECTOR INSIGHT<br />

An SMME and co-operative<br />

support programme has a<br />

budget of R6-million for <strong>2021</strong>/<strong>22</strong>.<br />

The National Department<br />

of Small <strong>Business</strong> Development<br />

(DSBD) has several programmes<br />

to assist SMMEs and co-operatives.<br />

These include the Black <strong>Business</strong><br />

Supplier Development Programme<br />

and the Cooperative Incentive<br />

Scheme, a 100% grant.<br />

The Small Enterprise<br />

Development Agency (Seda) is an<br />

agency of the DSBD and gives nonfinancial<br />

support to entrepreneurs<br />

through training, assistance with<br />

filling in forms, marketing and<br />

creating business plans.<br />

The Seda Technology<br />

Programme helps potential<br />

businesses become trading entities.<br />

The Industrial Development<br />

Corporation is a strategic lender and<br />

plays a strong role in supporting<br />

small and emerging enterprises.<br />

The SAB Foundation Tholoana<br />

Programme provides grant funding<br />

and business support in the <strong>North</strong><br />

<strong>West</strong>. The programme invests in<br />

entrepreneurs, particularly women,<br />

youth, people in rural areas and<br />

persons with disabilities. The<br />

18-month programme provides<br />

mentorship, business development<br />

tools and workshops, access<br />

to peer networks finance, and<br />

support throughout the time spent<br />

on the programme. ■<br />

43 NORTH WEST BUSINESS <strong>2021</strong>/<strong>22</strong>

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