About 1,200 beneficiaries of the R350 state social grant have used the money to invest in and buy a bakery, a supermarket and a butchery all within six months.
The beneficiaries used their social relief of distress SRD grant to invest in the Isinkwa Sethu Campaign, run by former financial advisor Sibusiso Ntsele in Evaton, south of Joburg. Ntsele then used the money to source business opportunities on behalf of the beneficiaries. He said about 1,000 people believed in him when he told them about reviving the township economy while alleviating poverty and government dependency.
Six months ago he spotted a business opportunity by buying and resuscitating a local struggling bakery. The owner sold it to the group.
