Transitioning spaza shops to formal businesses will boost growth, sustainability - Stella Ndabeni-Abrahams | News24

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Transitioning spaza shops to formal businesses will boost growth, sustainability - Stella Ndabeni-Abrahams | News24
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Small Business Development Minister Stella Ndabeni-Abrahams says a transition from informal to formal business will allow spaza shop owners to gain access to opportunities for growth. | JasonFelix

The government has major plans to overhaul theThe Department of Small Business Development wants to develop norms, standards, and a common business licensing framework for spaza shop owners.

In a bid to overhaul spaza shops, the Department of Small Business Development is assisting informal spaza shops with company registration and compliance with tax and labour legislation. The Small Enterprise Development Agency and Small Enterprise Finance Agency are partners in implementing the programme.

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