SME ‘bounce-back’ plan will incorporate lessons from Covid
There will be improvements on the former loan guarantee scheme for small businesses stressed by the pandemic
Finance minister Enoch Godongwana on Wednesday announced the launch of a R20bn business “bounce-back” programme to support small and medium enterprises (SMEs) that are in financial distress as a result of the Covid-19 pandemic.
The bounce-back programme is a new version of the R200bn loan guarantee scheme announced by President Cyril Ramaphosa as part of the R500bn stimulus package at the onset of the Covid-19 pandemic in 2020...
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