RETAILERS have implored the government to create a ring-fenced financing facility for the sector to enable it to navigate a plethora of challenges it is facing and avoid further closure of businesses, The Financial Gazette can reveal.The call comes as the formal retail sector stands on the precipice faced with working capital constraints and supply…
Retailers push for ring-fenced facility
The retailers' request comes barely three months after the government introduced the Targeted Finance Facility (TFF) – a concessional fund designed to boost production, capacity utilisation and economic growth.