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.

Govt inks $4bn renewable energy deal with Indian firm

Detained Mexican 'Drug Kingpins' wanted in Mozambique

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Micro-procurement maze demands urgent reform

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Micro-procurement maze demands urgent reform