Share
Oppenheimer family reaches out to connections to increase funding for small businesses
It is one of the biggest billionaire names in African business and a couple of weeks ago it lent its financial muscle to keeping small business alive South Africa in the difficult days of COVID-19. The fund set up by the Oppenheimer family put up a R1 billion to help pay workers and keep small businesses afloat in the lockdown. It has paid out R330 million so far and claims 30,000 workers got paid before the Easter weekend because of the fund that could get bigger. Over the weekend the family reached out to its connections to raise more. One of the founders of the fund Johnathan Oppenheimer revealed how much.
Wed, 15 Apr 2020 11:11:58 GMT
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.