South African SME capital provider ProfitShare Partners has announced that it has secured R100 million (about $5.8 million) from the SA SME Fund. This will allow ProfitShare Partners to provide capital to catalyse growth for SMEs.

ProfitShare Partners provides disruptive alternative funding to SMEs that have a contract with a reputable company or government department to allow them to deliver on that contract.

In the midst of the Covid-19 crisis, SMEs have been severely affected...