SMALL BUSINESS
Finance and reinforcement:
SMEs vital for economic recovery and upliftment In his 2022 Budget Speech, Finance Minister Enoch Godongwana outlined several measures the National Treasury would undertake to support small-to-medium enterprises (SMEs) in the wake of the Covid-19 pandemic. These measures include a bounce-back scheme where small business loan guarantees of R15 billion would be facilitated through banks and other financial institutions, a partnership between government and loan providers to underwrite the first 20% of losses, and a business equity-linked loan guarantee support mechanism, bringing the total support package through the scheme to R20 billion. By Daniel Goldberg, Co-Founder and CEO of Bridgement
54 sabusinessintegrator.co.za
