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Government pushes for sustainable co-operatives

Government pushes for sustainable co-operatives

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Small Business Development Minister, Lindiwe Zulusays they will step up efforts to establish a co-operative bank.

Speaking at the belated International Co-operative Day celebration in Bloemfontein, Minister Zulu said the issue has been on government agenda for some time.

More than R330-million has been injected to co-operatives over the last financial period.

Zulu says despite the massive investment, more co-operatives remain unsustainable.

“The problem is the management of the co-operative, the problem is under the governance and the principles of co-operative and the last problem is about people thinking that they just have to depend on government at all times. Cooperatives have to be able to stand on their

Sourced From SABC News

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