Lifebuoy fund offers more than money

05 July 2020 - 05:00 By JANE STEINACKER

A R5bn small and medium-size enterprises (SME) fund, Kisby, has been created to support small businesses with more than money. 

One of the driving forces behind it is former South African Post Office CEO Mark Barnes, who says many funding models for SMEs don't enable the businesses to grow - current models, he says, are either off-the-street funding ("loan sharks") or tools offered by banks that are not designed to help businesses flourish...

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