JOHANNESBURG - Specialist risk finance company Business Partners Limited on Thursday said it aims to approve about R1.4 billion and disburse R1.15 billion in finance in the 2019/2020 financial year in a bid to contribute to greater economic growth in the year to come.
"We are confident that the 2019/2020 financial year will bring even more quality returns for our shareholders, as well as the clients that we serve," said managing director Ben Bierman.
Bierman said during the last financial year, Business Partners approved R 1.027 billion in business finance to 308 businesses in South Africa, representing an increase in the number of companies that it was able to reach this year, up from 295 businesses last year.
He said that in spite of challenging economic conditions over the last 12 months, the group has seen noteworthy improvements in key areas of its operation.
Bierman said the company grew its financial assistance to female business owners by disbursing 39.8 percent of total disbursements to the group, up from 36.9 percent in the 2017/2018 financial year.