Real People Group’s SME finance offering anticipated to promote job creation Commenting on the recent announcement that The Real People Group has expanded its purpose specific lending offering to include business finance to local SMEs (Small and Medium Enterprise), Neil Grobbelaar, Group Chief Executive Officer of the Real People Group says market research indicates that the local SME market is ripe for alternative funding facilities. “The reality is that many entrepreneurs are unable to secure finance due to insufficient collateral. Research1 indicates that some of the major challenges facing local SMEs include not only access to finance, but a challenging regulatory environment and lack of entrepreneurial training. Our new SME finance offering plans to address both the financial and training aspects of these challenges,” he comments. The Real People Group acquired WIZZIT Bank’s Loan book together with its entrepreneurship training facility in January 2014. The acquisition means it...