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Yes, SMEs need loan funding, but that's not all they need

MONEYWEB Yes, SMEs need loan funding, but that’s not all they need Contrary to common belief, banks like Absa have a robust and growing SME loan book. But small and medium-sized enterprises also need business guidance and stronger networks. 00:01  Let’s be honest: the odds of a new business succeeding are not great. In the US the failure rate is about 50% in the first five years. In SA, the failure rate is reckoned to be 70% in the first year, according to former Trade and Indust...
South Africa Henry Gachukia Rob Davies Enterprise Development Centres Industry Minister Rob Khula Enterprise

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