Support for existing businesses essential during pandemic :

Support for existing businesses essential during pandemic


Support for existing businesses essential during pandemic
By Ted Keenan - 31 May 2021
David Morobe, spokesperson for The Sukuma Fund.
Image: SUPPLIED
Creating jobs is a major South African government focus, according to the 2018 Jobs Summit, but saving jobs in the pandemic is a more immediate and doable task, provided there are funds to prop up businesses that would be going concerns, were it not for Covid-19.
David Morobe, spokesperson for the R1bn Sukuma Fund and executive general manager of Impact Investing at Business Partners Limited, said that the average restaurant employs between 10 and 15 people, with indirect supplier jobs perhaps as high as 10 times this amount.

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