City confirms agreement with ProductivitySA to help businesses in distress
3 November 2020
STATEMENT BY THE CITY’S MAYORAL COMMITTEE MEMBER FOR ECONOMIC OPPORTUNITIES AND ASSET MANAGEMENT, ALDERMAN JAMES VOS
I visited The Business Hub yesterday to thank the team for their hard work during the lockdown. I also had the opportunity to discuss the exciting partnership we have signed with ProductivitySA that will help businesses in distress.
I am excited to announce that the City of Cape Town has now finalised an agreement with ProductivitySA called the Business Support programme.
Run through The Business Hub, the Business Support Programme will help small businesses (15 to 50 employees) in distress by proactively addressing the challenges businesses are facing and to prevent possible liquidation, closure or job losses.
To assist businesses and entrepreneurs, the City established The Business Hub, which is an initiative by the Department of Enterprise and Investment. I am proud to say that since the lockdown was first announced, we have demonstrated our ability to respond and adapt to the next normal.
In the last financial year, The Business Hub received more than double the number of enquiries and service requests. From 1 049 in the 2018/19 financial year to 2 489 in 2019/20. I am also proud to confirm that 884 businesses were trained through enterprise and supplier development programmes in the 2019/20 financial year.
We are constantly engaging with our business network to determine immediate needs and to assist with channelling businesses towards the appropriate sphere of government for assistance.
The City of Cape Town has introduced a variety of measures to offer relief to companies during the lockdown and is implementing measures and strategies to help economic recovery and readiness over the medium term.
These strategies include enhancing business retention and expansion efforts, enterprise development through the ease of doing business programme, workforce development and training for high growth sectors, investment facilitation and promotion, and industry support provided in partnership by our Strategic Business Partners (SBPs).
I encourage businesses that are in distress to contact The Business Hub on 021 417 4043 or email firstname.lastname@example.org, or visit the website https://www.investcapetown.com/how-can-we-help/business-hub/
With the right interventions, we can get back to business and emerge stronger than before.