CEDA assisted businesses have better survival rate

CEO of the DDevelopment Finance Institution, Thabo Thamane noted that the figure includes those that are struggling to pay back their loans, but are still in operation and employing people.

“Most of CEDA-assisted businesses stand a better survival rate and are creating employment,” Thamane said. This 72% figure is calculated by dividing propensity of the start-up that survive in the next three to five years by total number of businesses funded.