Johan Rupert’s Covid-19 fund to loan R100 m to South African restaurants

The original article can be found here.

  • In order to make the maximum impact with the remaining funds, the Sukuma Fund has partnered with industry bodies who understand the specific challenges their members face;
  • Qualifying restaurants can access the funds to provide rental relief and boost working capital;
  • To qualify, a restaurant must meet specific requirements;
  • Qualifying restaurants will receive unsecured interest bearing loans of between R250 000 and R1 million which they will have to repay over a period of five years.