Tuckshop owners in Gauteng who were supposed to benefit from a R100 million fund from the Gauteng Department of Economic Development to boost their businesses, are fuming as the department has failed to fulfil its promises.
According to reports, the R100 million Kasi Mnotho Fund was launched in August, in 2021, by the then MEC of Economic Development Parks Tau.
The programme aimed to empower small businesses across Joburg, to secure critical supplies, equipment, machinery, working capital, and strategic loans.
However, local business owners who were supposed to benefit from the programme said it failed to live up to its promises.
The beneficiaries told IOL News that the funds were supposed to be paid to them through an organisation called Family Tree Holdings (FTH), which they allege siphoned off the funds for its own benefit.
