SMMEs business plan approval low

Wednesday, October 28, 2015

SMMES-Street vendors.PIC: KAGISO ONKATSWITSE

Business plan approvals for Small, Medium and Micro Enterprises (SMMEs) remain low, as financiers are reluctant to fund them.

The Local Enterprise Authority (LEA) revealed on its latest annual report for the 2014/2015 financial year that financiers continue to regard SMMEs as high risk, and therefore apply overly cautious measures when considering funding for them.

According to the LEA’s chief executive officer (CEO), Tebogo Matome they have facilitated development and submissions of 20 business plans at the value of P27.3 million to various financing institutions during the financial year.

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SMMEs business plan approval low

Business plan approvals for Small, Medium and Micro Enterprises (SMMEs) remain low, as financiers are reluctant to fund them.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

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Inspect the voters' roll!