The executive board of the IMF has approved South Africa’s COVID-19 loan application worth R70 billion, but is it worth it in the long-term?
The loans will assist more than 3 500 small businesses and 22 000 employees according to Standard Bank.
We’ve had several questions about the Sukuma Relief Programme and Business Partners has addressed them in the simplest way possible.
Cell C has said it has suspended payments to improve liquidity and restructure its balance sheet.
VodaLend gives SMEs access to funding between R10 000 and R1.5 million over 6 – 12 months should they qualify.
The financial institution says it’s the first bank in SA capable of approving a business working capital loan of up to R6 million.
Three fintech startups will receive loans with which to grow their businesses.