SA’s oldest national black business chamber Nafcoc has welcomed finance minister Tito Mboweni’s 2019 budget, describing it as “a bold new path”. “The increased investment of R481.6m in incubation programmes at Seda will ensure that the critical sustainability of SMMEs is increased, as these are the entities in which much-needed jobs need to created,” Nafcoc president Sabelo Macingwane said. Macingwane noted the recapitalisation of the SA Revenue Service (Sars) and the removal of policy uncertainty as steps in the right direction. “The removal of policy uncertainty will return investor confidence to the economy, which can impact positively and help the growth process, and create a bigger cake for entrepreneurs to take advantage of,” he said. Macingwane further praised the minister’s commitment to removing stifling regulation and complicated taxes to free South African entrepreneurship spirit as something that its members had been crying out for. Mboweni should also be applauded for t...

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