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Business confidence on rise for SME owners

Business confidence among owners of small and medium enterprises (SMEs) has risen again, albeit marginally, despite various challenges and the difficult economic landscape as a result of the Covid-19 pandemic and the national lockdowns, according to the Business Partners Limited SME Index for the first quarter of this year.

The Sukuma Fund To Focus On Preventing More Restaurant Closures

Johann Rupert's Covid relief fund sets aside R100m for SA restaurants

Johann Rupert’s Covid relief fund sets aside R100m for SA restaurants By IOL Reporter Share THE Sukuma Fund is set to allocate R100 million to restaurants that have been hit hardest by the Covid pandemic. The Sukuma Fund was formed to distribute the R1bn donated by the Rupert family and Remgro Limited, long-time supporters of the small business sector, in response to the economic crisis resulting from the pandemic. To date, 1 303 SMEs and 2 614 formal sole proprietors have received survival grants and/or soft loans from The Sukuma Fund, saving more than 32 000 jobs in the process. It is estimated that in South Africa, nearly 30% of restaurants were forced to close their doors during the height of the nationwide Covid-19 lockdown in 2020.

Small businesses could unlock SA's economy - so why aren't they being handed the keys?

Small businesses could unlock SA's economy - so why aren't they being handed the keys?
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South Africa can't afford for SME relief funds to dry up

South Africa can t afford for SME relief funds to dry up As local business relief initiatives come to a close, many small and medium enterprises continue to struggle with an unfortunate number of businesses liquidity eroded by the Covid-19 pandemic and various lockdowns - especially those that operate in the hospitality and tourism industry. To help these businesses get back on track, financial institutions have to be creative and innovative in their approach by offering products that are quicker to access with simpler processes driven by technology. According to Jeremy Lang, general manager of Business Partners Limited, a financier for small and medium businesses, the easing of some lockdown restrictions and opening of many sectors has provided some relief, in order to weather the ongoing storm and stay afloat, and many SMEs require working capital to restart their businesses and replenish reserves used to cover fixed overheads.

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