30 April 2020. The Giving For Hope Foundation (GFHF) is currently reviewing 844 applications for loans worth R420-million and is looking to significantly grow its loan-based lifeline for struggling Small, Medium and Micro Enterprises (SMMEs). This is expected to save about 10 652 jobs as per the latest applications received. Since the launch new funders have come on board with the GFHF, some of the funders being 27Four Investment Managers Firm & Kamdar Group Property Investment and Development company.
Mr Mahomed Zubeir Moosa, chief executive officer of Willowton Group and founder of the GFHF, applauded government’s planned R500-billion intervention as it sought to delay the onset of the Corona pandemic in South Africa and save as many lives as possible whilst also trying to alleviate the hunger and job losses that were an inevitable result.