Remarks by the Minister of Human Settlements, the Hon. Minister Mmamoloko Kubayi, National Assembly, Cape Town, 31 August 2022

Funding women entrepreneurs

“To intensify efforts to financially include women, in 2014, the National Empowerment Fund established a Women Empowerment Fund which is aimed at accelerating the provision of funding to businesses owned by black women. The funding starts from R250 000 to R75 million across a range of sectors, for start-ups, expansions and equity acquisition purposes. Although this is a step in the right direction, there is a need to create more funding instruments to assist women entrepreneurs.”