It's been almost five months since Finance Minister Enoch Godongwana announced a plan to help support small businesses acquire renewable energy, but the According to the Banking Association of South Africa, lenders are still hard at work negotiating the terms that they believe are necessary to make this scheme work.
After all the hype in the past, schemes of this nature didn't work as envisaged. The 2020 Covid-19 Loan Guarantee Scheme ended up disbursing only R18.4 billion – of a potential R200 billion. In April 2022, the government announced a new"bounce-back scheme", predominantly aimed at helping businesses recover from the 2021 unrest and KZN floods.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.