In a blow to President Cyril Ramaphosa’s post-Covid economic recovery efforts, the Banking Association SA expects the industry to have disbursed just more than 12% of the government’s flagship loan guarantee programme by January.
The R200bn scheme is the cornerstone of Ramaphosa’s plan to keep businesses — especially small firms, which typically have limited cash buffers or access to capital markets — financially healthy so they can continue to play a meaningful role in the economy, which is likely to record one of its biggest recessions in generations.
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OPINION: Cashing in to help your business surviveEvery successful entrepreneur will tell you that ‘cash flow is the lifeblood of every business’, and that without it your business will simply not survive.
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Black women in SA wine industry protest against economic exclusionBlack women in the South African wine industry marched to Parliament to protest against the economic exclusion of their businesses during the development of a national wine industry strategy. wineindustry blackwomen TheCapeArgus
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