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SME funding – is visibility the real obstacle?

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South Africa's biggest Small, Medium and Enterprise (SME) financing challenge may not be a shortage of capital. Instead, too many good businesses may remain invisible to the institutions that could fund them. Consider a growing logistics company in Limpopo, a wholesaler in KwaZulu-Natal or a township-based manufacturer expanding into national supply chains. These businesses may generate consistent revenue and employ dozens of people. Yet traditional credit indicators alone may make them difficult to assess.

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