'Duma says this, in turn, will help improve employment.' ECRNewsWatch KZN
He was speaking in Pinetown at a vehicle component manufacturing facility marking his 100 days in office.
He says his department, along with state-owned bank Ithala and the KZN Growth Fund, remain focused on assisting businesses with a significant black ownership.Duma, though, says traditional finance institutions make it difficult to achieve these goals. "If you are black in particular, they will ask for collateral, something that you won't qualify for. They will give you stories like your account is sporadic.
"Even if it means you can prove that in some instances there is a million that will come, the next month there is R300 000 - according to their definition, that is sporadic. They want consistency."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Absolute lies': KZN social development MEC hits back at DA over social worker 'exodus' claims | News24The DA is demanding answers from KwaZulu-Natal Social Development MEC Nonhlanhla Khoza after the reported resignation of numerous social workers from the provincial department. | nickymccain
Read more »
Business Maverick: China banks face $200bn in losses from property, UBS saysChina’s property slump is estimated to cost the nation’s banking system as much as 1.5-trillion yuan (R3.67-trillion) in losses on loans, bonds and other assets, according to UBS Group AG.
Read more »
KZN man pleads guilty to shooting relative over blankets after funeralA KwaZulu-Natal man has pleaded guilty to murdering a relative over blankets donated by mourners during his grandmother’s funeral.
Read more »
There's water in KZN but it's not reaching the taps, say disgruntled community membersThe water crisis in the south coast of KwaZulu-Natal is not due to water scarcity but lack of deliveries to households.
Read more »
ANC KZN supports Zweli Mkhize who's 'incapable of corruption' to lead the partyWith the ANC set to elect its new leadership next month - the KZN ANC continues endorsing its presidential candidate Zweli Mkhize.
Read more »
There's water in KZN but it's not reaching the taps, say disgruntled community membersThe water crisis in the south coast of KwaZulu-Natal is not due to water scarcity but lack of deliveries to households.
Read more »