Gauteng helps launch R300m debt fund for township businesses
The SMME Crisis Partnership Fund is a joint initiative of the Gauteng government, the IDC and the SA SME Fund
05 October 2022 - 14:44
The Gauteng government, the Industrial Development Corporation (IDC) and the SA SME Fund have launched a R300m debt fund to help small businesses in the province’s townships.
The SMME Crisis Partnership Fund aims to help township businesses that do not qualify for funding from the formal banking sector get access to much needed capital. The Gauteng government, the IDC and the SA SME Fund have each contributed R100m towards the fund...
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.