South Africa: Small Business Development Committee Welcomes Intervention Measures to Mitigate Impacts of Covid-19

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The Portfolio Committee on Small Business Development has welcomed intervention measures by the National Treasury, banks, the Sukuma Fund and the Small Enterprise Foundation (SEF) to mitigate the impact of the Covid-19 pandemic on small businesses.

President Cyril Ramaphosa announced a R100 billion credit guarantee to businesses in April this year, which was launched in two phases in May and July.

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