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What SME funding data tells us about the SA economy
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What SME funding data tells us about the SA economy
Following five consecutive quarters of GDP growth and continued interest rate cuts, data from a South African alternative business funder shows rising approval rates, improved credit quality and growing demand from new industries. Jonti Strimling, co-founder and chief risk officer of GroWise Capital, unpacks the data. Repayment performance across the portfolio has improved over the past 12 months, even among higher-risk credit segments. The qual…
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