New fund targets S African businesswomen.

Author:Rosenberg, Anna
Position:AFRICAN BANKER'S WORLD - Brief article

A newly-established fund has been described as a step towards reducing poverty among women. The fund was designed to mainly help black women entrepreneurs with plans to lend between R30,000 and R2m to small and medium sized female-owned or managed enterprises that have been in business for two years or longer. Thanking Old Mutual for their assistance in this project, South Africa's trade and industry minister, Mandisi Mpahlwa, said that later this year the fund would be broadened to focus on medium to large enterprises. "As part of...

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