Small and medium-sized enterprise (SME) financier Business Partners has launched a R400-million Energy Fund aimed at helping SMEs finance viable sources of alternative electricity and thereby keep them in business during loadshedding.
According to data published by the South African Reserve Bank, the accumulative loss business of Stage 6 loadshedding amounts to between R204-million and R900-million a day, with a portion of these losses incurred by thousands of small businesses that do not have the resources to install back-up sources of energy.
