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On 02 April 2020, the Department of Small Business Development opened for applications, the SMME Debt Relief Financing Scheme. This Scheme was initially allocated an amount of R200 million and later increased to R500 million, when the department changed its approach to the Business Growth and Resilience Facility. The aim of the Scheme was to assist SMMEs with working capital during the period when economic activity was negatively affected due to the Covid-19 national disaster.…

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