Tag: oppenheimer fund
The billionaire Oppenheimer family has overseen interest free loans worth R638 million given to five thousand eight hundred businesses in just 11 days. Who get these millions go? Well right now we are going to speak to someone who has got some of the money. Karen Levell employs 42 women in two nail bar businesses in Johannesburg. Even before the lockdown her business was in trouble because people didn’t want to risk contact.
Three of South Africa’s major banks have revealed to CNBC Africa how small businesses can apply for funding from the South Africa Future Trust. This is what they had to say.
The richest man in South Africa has stepped in to offer a lifeline to small businesses in these difficult times. Nicky Oppenheimer – worth $7.5 billion dollars as we speak according to Forbes – has pledged a billion rand to fight COVID-19 and help out employees in SMME’s. It will transfer funds to employees through interest free loans and also plans to stimulate economic growth after the crisis. Nicky Oppenheimer joins CNBC Africa for more.