Cape Argus E-dition

10 SMEs can each win R100 000

| Staff Reporter

OLD Mutual Insure said yesterday it was launching a competition for small and medium enterprises (SMEs) in which 10 businesses could win R100 000 each towards their ventures.

Soul Abraham, Old Mutual Insure’s chief executive for retail, said: “The lockdowns during the pandemic have devastated South Africa’s small businesses, but we know that small businesses and entrepreneurs are the lifeline to our economy’s recovery.

“As a business, we’d like to do our part to re-energise and support the sector as they start putting the pieces back together following a very challenging period, which is why we are running this competition.”

He said the company has been involved in trying to rebuild the sector to ensure business growth by lending support SMEs in various industries.

To enter the competition, businesses must visit www.ominsure.co.za and request and receive a quotation for business insurance from Old Mutual Insure. All entries will go into a pool, and 10 winners will be drawn during June.

The competition closes on May 31.

MONEY

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2021-05-14T07:00:00.0000000Z

2021-05-14T07:00:00.0000000Z

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