SBI, Fasa welcome Bounce Back
The Small Business Institute (SBI) and the Franchise Association of South Africa (Fasa) last week welcomed the government’s Bounce Back Support Scheme, which came into effect last week and enables additional funding to qualifying businesses and small medium enterprises (SMEs). John Dludlu, CEO of the SBI, said although the current Bounce Back Support Scheme appeared to be targeting formal sector SMEs, there was still a need to extend help to informal sector operators, especially in KwaZulu-Natal (KZN) and the Eastern Cape. But Dludlu said this initiative was welcome as SMEs had been brutally smacked by the Covid-19 pandemic, the July mayhem (in Gauteng and KZN) and, most recently, the floods in parts of KZN and the Eastern Cape. “The SME ecosystem has been advocating for something like this, especially the…