INSIDE YOUR BUSINESS – Reflecting on the state of SME funding in South Africa
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GUEST – Allon Raiz - Raizcorp CEO
It's no surprise to learn that 35% of all loans made to SMMEs are in the form of personal loans, as these entrepreneurs find it too difficult to access funding as a business. Even more shocking is that, according to research, between 20 and 23% of SMMEs are not even registered with SARS. The more you delve into the statistics and research, the reasons as to why SMME struggle to gain access to funding becomes clear.
It's no surprise to learn that 35% of all loans made to SMMEs are in the form of personal loans, as these entrepreneurs find it too difficult to access funding as a business. Even more shocking is that, according to research, between 20 and 23% of SMMEs are not even registered with SARS. The more you delve into the statistics and research, the reasons as to why SMME struggle to gain access to funding becomes clear.
