In celebration of Women’s Month, the DA-led Midvaal municipality rolled-out the Sebenza Imbokodo Women’s Fund as part of its continued drive to support and empower women.
Launched on the 30th of August, the fund will assist women-owned businesses operating in the informal sector, who are primarily from disadvantage backgrounds, with access to much needed funding support.
The assistance will be given in the form of business support of a minimum of R500 to a maximum of R10 000 per person, allowing these women to advance their business aspiration from being purely subsistence to a much stronger commercial entity.
Assisting small-scale women entrepreneurs will help address inequality and respond to the socio-economic challenges faced by women in the municipality. According to Executive Mayor Bongani Baloyi an investment in women is a direct investment in the future.
“Women’s development should not be restricted to the month of August only, it is an all-year-round initiative,” Mayor Baloyi said.
This initiative is just another example of the DA-led Midvaal’s commitment to supporting small businesses, the engines of job creation.