FNB has committed R200m to its fourth Vumela Enterprise Development Fund, which aims to provide low-cost funding for about 150 small-to-medium-sized enterprises with the potential to create more than 1,000 jobs.
The Vumela fund four offering is specifically designed to accelerate early-stage businesses with sustainable annual turnover of between R1m and R50m a year and which have majority black ownership. The fund will disburse loans at a fixed interest rate of 5%/year to qualifying businesses, who initially must be part of FNB’s Business Development Support Programmes run in conjunction with Edge Growth...
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JG Electronics 3C Basic – The most versatile system for a sublimation printing business[Promoted] JG Electronics 3C Basic - The most versatile system for a sublimation printing business
Read more »