A top Sanlam executive who was fired in a row over race and culture at the financial services giant has failed in an attempt to challenge a court ruling that prevented his reinstatement.
Sanlam Investments announced that three small businesses are among the first beneficiaries of its SME Debt Fund. (iStock)
Sanlam Investments SME Debt Fund has committed to provide R110 million in debt relief capital to three South African businesses.
This could preserve 630 jobs and create a further 356 jobs, Sanlam Investments said in a statement.
The debt relief capital is part of an impact fund initiative that it Sanlam launched earlier this year in response to the Covid-19 pandemic.
Three Small and Medium Enterprises (SME) are set to benefit from R110 million in debt relief capital, provided through Sanlam Investments SME Debt Fund.