BLACK EMPOWERMENT
JP Morgan initiative will help small black firms to get funding
17 August 2021 - 19:32
JP Morgan is stumping up R340m to help black-owned and operated small and medium enterprises (SMEs) access the funding they need to play a more active role in SA’s economy.
After more than two years of engagement with the department of trade, industry & competition, JP Morgan has become the first global investment bank in SA to launch an equity equivalent investment programme (EEIP). The initiative is being championed by the department as a way for multinationals to comply with broad-based BEE (BB-BEE) legislation without ceding equity stakes...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.