For the tourism sector, which is a major contributor to the provincial economy, around 104 000 jobs were lost due to Covid-19 and R13bn lost for 2020 which amounts to an 83.9% loss when compared to the previous year.
“We are in the first phase focusing on ensuring that firms in tourism survive and get support from government funding schemes,” said Maynier.
Small, medium and micro-enterprises in the province have also been flagged as a sector in need of support. However, despite the relief fund schemes on offer from the national government, the province seems to be lagging in terms of how many businesses, particularly in the informal sector, are using it.
John Peters from the Department of Economic Development said a big challenges was accessibility, with Nedbank being the only bank facilitating this with the Department of Small Business. The fact that the Western Cape had one supplier where they can go and make sure of the R3500 to buy stock. This was an issue the national Department of Small Business’s Mzoxolo Maki said they were working to resolve as they were in discussions with other banks.
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