Industry Newsroom

Sanlam Reaches Second Close for SME Debt Fund and Invests in Three South African Business

Sanlam Investments has reached a second close for its SME Debt Fund, adding ZAR100m (approximately USD6.6m) to the ZAR250m (approximately USD16.6m) raised in September 2020. The SME Debt Fund has committed ZAR110m (approximately USD7.3m) in debt relief to three South Africa-based businesses: non-banking financial institutions Mettle Administrative Services and Retail Capital, and black-owned specialist retailer Oilstar. Read more