South Africa Unveils Spaza Fund to Boost Local Businesses in Townships
In a significant move to invigorate local economies, the South African government has initiated applications for the R500-million Spaza Shop Support Fund (SSSF). This initiative aims to enhance the sustainability and growth of spaza shops—those familiar neighborhood convenience stores that serve as lifelines for township and rural communities.
During a recent announcement, Minister of Trade, Industry and Competition, Parks Tau, highlighted the transformative potential of this fund. “We are committed to empowering our…