Tag: Flow48
SME financing trends to watch
Small and medium enterprises (SMEs) in South Africa struggle to secure funding. Traditional banks fail to meet their debt capital needs. Fewer than 15% of SMEs access debt funding from banks, excluding overdraft facilities. Alternative lenders also fall short in meeting SME lending demands. The International Finance Corporation estimates a $30 billion (ZAR 550 billion) funding gap for South African SMEs.
