Copy
November 30, 2022

The Informal Trader Support Programme will support informal and micro businesses in the informal sector following the recent unrest.

Financial and non-financial business focused support will be provided through the TREP programme and aims to support up to 13,000 entrepreneurs. In partnership with Nedbank, each entrepreneur will get R3000.00 (once off grant) to help informal traders who lost their businesses after the unrest.

Objectives

The programme is designed to target the socio-economic challenges of informal traders in townships, rural areas, and small towns directly affected by the recent unrest, through:

  • Supporting the most vulnerable from business closure, job losses and income reductions
  • Providing resources to promote social inclusion in building back after the unrest
  • Providing support to the social and solidarity economy to fulfill their missions in relation to responding to impacted community needs
  • Investing in small businesses and traders which have suffered the effects of the unrest
  • Supporting entrepreneurship and strengthening business partnerships

Qualifying criteria

  • The informal trader must be a South African and must produce a valid South African ID document.
  • They should have a bank account in South Africa and those who do not have should be willing to be assisted to open and use a South African bank account.
  • No minimum turnover required for vendors.
  • They must be willing to participate in the DSBD/ Seda facilitated business development processes.
  • Preference will be given to businesses owned by women, youth and people with disabilities.
  • NB: Applying entities in this category need not be registered with CIPC and SARS due to their size and status of operations.
ALSO READ  Sahara Group 2021 Graduate Upstream Trainee Program.

Implementation process

sefa have entered into an agreement with Nedbank in terms of implementation of the Programme (similar to the existing agreement on the Fruit & Vegetable Vendors Scheme)

Applications to be done via the participating bank – Nedbank

Nedbank will utilise the various Informal Traders Associations to package applications and verify the operations of the Informal Traders

How to Apply for Informal Traders Support Programme

Associations can submit their members applications on sefainformaltraders@nedbank.co.za

Seda to provide post funding support where necessary.

Apply now

 

RECRUITMENT REPORT is a reliable Job / Vacancy Site in Nigeria. Our goal is to provide you with the latest Jobs in Nigeria. We also provide adequate information that will aid you to qualify for any interview or job openings. Search For Jobs, vacancies, recruitments, career opportunities in Nigeria!

We share available/current Scholarships, Job vacancies for job seekers who are interested to apply. We do not have any relationship with the employers. We can not assist any job seeker secure a job.

Our admins will NEVER call, text or email any of our members requesting for payment of any kind. Our services are Free of Charge.

BEWARE OF SCAMMERS. Thanks