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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