Ease terms of the Covid-19 loan scheme, government urged

The SA Private Equity and Venture Capital Association says more equitable terms are required between stakeholders if the government’s R200bn loan guarantee scheme is to help the country’s small and medium-sized businesses through the worst of the Covid-19 pandemic.

“The SA Private Equity and Venture Capital Association urges the government to review the conditions and requirements included in the guarantee scheme ... to ensure that it provides the necessary relief to businesses in desperate need of assistance,” the association’s CEO, Tanya van Lill, said on Friday...