Small Business Development minister Khumbudzo Ntshavheni says that she plans to table the Small Enterprise Ombudsman Services Bill shortly.
Presenting her budget vote speech in a virtual parliamentary meeting on Tuesday (28 July), Ntshavheni said that the aim of the bill is to provide a more affordable dispute resolution and arbitration mechanism
“South African small enterprises lose billions of rands annually due to late and non-payment by both government and the private sector.
“During the lockdown, if government and big business had just paid the amounts due to SMMEs on time, the bulk of the demands for support would have been delayed,” she said.
“The non-payment has resulted in some small enterprises closing down because they have no appropriate, effective and efficient mechanism to use to resolve disputes such as non-payment.”
Read the full article on the BusinessTech website:
Government to table new bill aimed at helping small businesses in South Africa
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