The IEDF was recently on a panel of leading organizations to elaborate their views on the 2023 National Budget Speech

Click here to listen to the Newzroom Afrika Interview. As an active participant in the Informal Economy, what does this mean for you as Informal Business Owner?

Energy: Planned Eskom debt takeover hopefully means less loadshedding, as the resources to service the impact on your bottom-line. Furthermore, Government’s load-shedding relief programs will further aid flailing businesses within the informal economy. As the IEDF it is our duty to our members to monitor this and ensure that it comes to fruition.

Energy bounce back loan guarantee: the loan scheme is being reworked to help small businesses finance renewable energy projects.

Community Development: Additional funds will be allocated for local government infrastructure, vis-a-viz the Rural Bridges Program. This is an opportunity for that R3.8bn ZAR investment. To make its way to rural traders and create rural employment to a much-needed overlooked sector within the Informal Economy Space.

What does the budget speech mean for you as Informal Labourer within the Informal Economy? The employment opportunities from the above focus areas will be realized in addition to the relief government is offering post the COVID unemployment grant. We encourage you to be proactive in investing in your upskilling so that you are employment ready when these programs are officially opened. 

Benefits of being part of the IEDF

If an IEDF member, visit our website to get in contact with your local municipal organizer in your area for business growth & training opportunities. If you are not an IEDF member, join now and become part of the movement, or call us on 087 094 3501 or WhatsApp 074 552 2891 or email info@iedf.org.za