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This R1bn fund is helping township & rural businesses survive Covid-19 shocks, here’s how it works

Another one billion rand fund has been set up for entrepreneurs impacted by Covid-19 in South Africa. This time, the focus is on supporting small businesses in the country’s township and rural economies. Access to finance for such entrepreneurs and start-ups can be harder compared to businesses operating in the mainstream sectors. Ubank CEO, Luthando Vutula joins CNBC Africa to outline details on how the fund will work.


Tue May 19 2020 | 15:40:37 GMT+0000 (Coordinated Universal Time)

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