Tuesday 2 June 2020
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allafrica - 12 days ago

South Africa: Three Out of Four SMMEs Will Close - Bold Steps Are Required to Avert a Crisis

[Daily Maverick] The government has pledged more than R500bn towards relief for its citizens. A new survey shows that 68% of SMMEs that applied for funding were unsuccessful. Bold decisions need to be made to combat the crisis. These decisions include moving part of the relief funding to alternative lenders, investing in available financial technology and establishing an ongoing SMME research hub.

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