Give retailers a lifeline

A truly effective ring-fenced facility must feature concessionary lending terms, such as the proposed 10 percent interest rate, to ensure that retailers can reinvest in stock, infrastructure, and operations

THE plea by retailers for a dedicated ring-fenced financing facility is not merely a request for relief but a crucial intervention necessary to safeguard an industry teetering on the brink of collapse.As formal retailers grapple with working capital constraints, supply chain disruptions, and a suffocating foreign currency shortfall, the government must acknowledge that inaction risks…

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