DJ Sbu funds local businesses collapsing under Covid-19

The arrival of Covid-19 and lockdown implementation saw many businesses face the daunting prospect of contemplating retrenchments due to the impact of the pandemic on their businesses. While thousands of South Africans face unemployment and retrenchment, DJ Sbu has teamed up with businessman Khandani Msibi to give R400,000 to help 20 businesses stay afloat.

As previously reported by Sowetan early this month, retailer Massmart Holdings Ltd had started talks with unions to cut up to 1,800 jobs at Game stores across the country because of the Covid-19 pandemic and reduced consumer spending.

The news came as Media 24 announced it was considering the closure of five magazines and two newspapers, cutting hundreds of jobs, as it restructures in the wake of the pandemic.

DJ Sbu has been watching the impact the virus has had on the economy, and took to social media to offer relief.

Launching the 3Sixty Business Saver competition alongside the 3Sixty Global Solutions CEO, Sbu called on all struggling companies to upload a short video explaining “how Covid-19 has affected your business and how the R20,000 will save your business”.

There are a few conditions, however, including that your business has to have been running for a minimum of six months and must be 100% black-owned.

This past Saturday, DJ Sbu announced some of the lucky winners on Twitter and we couldn’t help but get inspired!

DJ Sbu told media that he hopes the money will go some way to ensure black businesses survive the pandemic.

“A lot of small businesses have shut down and others are struggling. It is a difficult time for all businesses, and we need to do what we can to help keep black businesses afloat.

“These businesses serve our communities and our people. They are important and we need to help where we can.”

Main Image: Now In SA