LETTER: Open up SME payments

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Your editorial (Lip service paid to SME sector, July 30) refers. I commend the Small Business Institute (SBI) for its initiative in commissioning a baseline study of SA’s SME sector. It is long overdue and should have been a top priority for the newly created Department of Small Business Development in 2014. As with the recent FinFind Access to Finance …

SMEs hobbled by funding gap

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Small businesses are routinely cited as the answer to South Africa’s stubborn 26.7% unemployment rate. But startups, micro-enterprises, and small and medium businesses often struggle when faced with the “ f-word ” — funding. A report released on Tuesday by Finfind, an online research and development programme that links small businesses and funders, highlighted that, even though “globally, over 95% …