Operation Vula is centred on strengthening local economies and reorienting them to become effective centres of production, information processing and spatial development. As part of this initiative, we want to prolong money circulation in townships and rural areas by plucking money leakages thus forcing money to exchange more hands before it leaves the community.
This will be achieved by increasing the local provision of a variety of services to local community by local enterprises. Therefore Government will support and promote local economic development and local small scale industries. Operation Vula will be realised through revitalisation of township and rural economies, Public Procurement, Radical Agrarian Socio-Economic Transformation (RASET) and Black Industrialist programmes.
“The Department of Economic Development, Tourism and Environmental affairs, acknowledges the receipt of the Operation Vula Fund TIER 2 and 3 applications which were closed at the end of November 2019, The department wish to state that applications are being processed and are in the finalising stage. All applicants will be updated with the outcome of the process, in due course. The department also apologizes for the delay that is caused by the high volume of applications received