Categorized | SMMEs

New fund tailored for small manufacturers

finance3

Their small size and uncertainty about the long term sustainability of their manufacturing businesses put off potential financiers from supporting small and medium manufacturers. But a new fund is targeting this often ignored segment.
The R300m Business Partners Manufacturing Fund, which has just been launched recently, is aiming to make a difference. Administered by Business Partners Limited, its objective is to stimulate the manufacturing sector, an industry that has the potential to create much needed jobs in South Africa.
Nazeem Martin, MD of Business Partners Limited, is upbeat about growth prospects in the manufacturing sector. “A stimulated manufacturing sector will have a spin off effect on businesses operating within other sectors such as the service industry, and will result in a positive boost for the economy.”

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