Small businesses on the road to recovery, says Retail Capital
Food, personal care and clothing sectors are taking longer to recover
01 October 2020 - 19:04
Small businesses, many counting among the enterprises hardest hit by the government’s Covid-19 induced lockdown, are on the road to recovery as the economy gradually reopens.
Cape Town-based Retail Capital, a firm that offers funding and asset finance to small businesses in SA, said more than 85% of its clients are trading at an average of 80% of pre-Covid levels. Retail Capital has supported 28,000 small and medium-sized enterprises (SMEs) and provided more than R3bn in financing to date...
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