Jun 11, 2014
Johannesburg— J.P. Morgan announced today that its two-year pilot programme for South African Small and Medium Enterprises (SMEs) successfully achieved the objectives set out at inception. All companies in the SME Catalyst for Growth Programme (C4G Programme) are still successfully operating, with an overall median annual revenue increase of 27%, growth in employment and an increase in successful applications for finance by 14%. Furthermore, as planned, a business development services (BDS) analytics platform is being established and the C4G Programme is transforming into an independent not-for-profit organisation where the platform will be housed.
Read the report: Catalyst for Growth Initiative in South Africa