Government promotes private sector lending to SMEs

Finance Minister, Mthuli Ncube

GOVERNMENT will facilitate funding of the Small and Medium Enterprises Development Corporation (SMEDCO) by the private sector to complement constrained budgetary support.SMEDCO is a state-owned entity that exists to promote the development of SMEs.Limited access to affordable and patient capital continues to hinder the growth of SMEs by restricting their ability to invest in crucial…

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