Bank criteria proving too stringent for small firms that need help

Loan scheme for Covid-hit businesses only helping the well-off

Rejoice Moletsane was delighted earlier this year when she scored a potentially life-changing business deal to run a tuck shop at a school in an an upmarket suburb.

Moletsane, an aspiring entrepreneur from Gauteng, was retrenched in 2018, and had used R200,000 of her retirement savings to purchase equipment to run the business...

This article is free to read if you register or sign in.

If you have already registered or subscribed, please sign in to continue.



Questions or problems? Email helpdesk@sowetanlive.co.za or call 0860 52 52 00.