{"id":465186,"date":"2019-03-18T14:05:40","date_gmt":"2019-03-18T13:05:40","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=465186"},"modified":"2019-03-18T14:05:40","modified_gmt":"2019-03-18T13:05:40","slug":"south-africa-3-6-million-spartan-sme-finance-for-african-smes","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/03\/18\/south-africa-3-6-million-spartan-sme-finance-for-african-smes\/","title":{"rendered":"South Africa: $ 3.6 million Spartan SME Finance for African SMEs"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Small businesses set up by Africans will receive 50 million rand, or about 3.6 million USD from Spartan SME Finance, a South African firm.<\/p>\n<p>These funds will strengthen the capital and short-term financing needs of these SMEs. &#8220;It is essential to make available the financial resources that will contribute to the sustainability and growth of South African small and medium-sized enterprises,&#8221; said Spartan SME Finance CEO Kumaran Padayachee, whose structure did not reveal the interest rate and the repayment period of these credits.<\/p>\n<p>Since its inception in 1981, Spartan SME Finance is headquartered in Johannesburg, and provides IT leasing solutions for small and medium businesses in South Africa.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Small businesses set up by Africans will receive 50 million rand, or about 3.6 million USD from Spartan SME Finance, a South African firm. These funds will strengthen the capital and short-term financing needs of these SMEs. &#8220;It is essential to make available the financial resources that will contribute to the sustainability and growth of<\/p>\n","protected":false},"author":536749,"featured_media":465190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996,12030],"tags":[15894,556],"class_list":["post-465186","post","type-post","status-publish","format-aside","has-post-thumbnail","category-finance-en","category-private-equity-en","tag-african-smes","tag-south-africa","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa: $ 3.6 million Spartan SME Finance for African SMEs - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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