Mini-budget offers hope to small businesses

As they battle with the economic downturn, businesses have something to lift them up. In particular, majority black owned small businesses should be the happiest of the lot.
This is on the account of Finance Minister, Nhlanhla Nene’s speech delivered in parliament on the mini-budget speech.
On the mini-budget, Nhlanhla said: “This year, government has budgeted about R190bn for goods and services and R162bn for infrastructure.”
Dispelling the fear that the funds might be lost to corruption, perpetuated by malpractices like tenderprenuership,  Nene explained: “Initiatives led by the Office of the Chief Procurement Officer aimed to deliver lower-cost goods and services more efficiently and transparently through “streamlined processes, strategic sourcing, transversal tenders and improved use of technology.”
Nhlanhla said he believed the goal of the approach was to reduce bureaucratic inertia and red tape, and stamp out corrupt procurement practices.