Sanlam Investments has announced that the first round of transactions from one of its three Investors’ Legacy Range funds had been concluded. The SME Debt Fund has committed R110 million (about $7.5 million) in debt relief capital to three South African businesses.

Two of the first beneficiaries of funding are Mettle Administrative Services and Retail Capital, both non-banking financial institutions which offer support to many other smaller businesses.

Mettle Administrative Se...