Wyly Wade

SME funding: A stuck record

The annual Global Entrepreneurship Monitor (GEM) 2012 report also identified access to finance in South Africa as a major stumbling block to early stage entrepreneurship – 43% of respondents in the report viewed it as a major constraint, particularly for new and emerging firms.

Polo Radebe, chief executive of Identity Partners, an SME advisory and fund management services firm, says that “we talk big about SMEs but we have done nothing to address their funding issues.” To substantiate her point, Radebe uses the example of Khula (now Sefa – Small Enterprise Finance Agency) which has planned to disburse R737 million to SMEs in the 2013/14 financial year.

SME funding: A stuck record – MyBusiness | Moneyweb.

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