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Government Would Provide Funding To Small But Distressed Businesses And Also Prop Up Some Ailing Sectors Of The Economy

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Gugu Mfuphi talks to Tshokolo Petrus Nchocho, IDC CEO, The president announced recently that Government Would Provide Funding To Small But Distressed Businesses And Also Prop Up Some Ailing Sectors Of The Economy In Light Of The Covid-19 Pandemic.
As such the IDC has committed about R3bn in support of this objective. There is also other funding interventions in addition to the R3bn package, need I add that there is a criteria for eligibility and also that this is not free money per-se.
31 Mar 2020 9AM English South Africa Business News · Investing

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