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Where are the small state financiers in SA's recovery plan?

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Photo: Gallo Images/Dino Lloyd
Photo: Gallo Images/Dino Lloyd
Gallo Images/Dino Lloyd

The Public Investment Corporation (PIC), Industrial Development Corporation (IDC) and Land Bank have had their places defined in South Africa's economic recovery plan post-Covid-19 in one way or another. But the other smaller development finance institutions (DFIs) not so much.

But the National Youth Development Agency (NYDA) said the smaller state financiers were not quietly sleeping in the corner either.

The agency, which in the year ended in March funded 1 100 youth-owned enterprises, set a new goal for 2020 - funding 1 000 microbusinesses in the township and rural economy over 100 days instead of the usual 12 months. It achieved that goal on 12 August, thanks to lockdown-induced delays. But will it be every 100 days?

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