Maxim Limited wishes to raise new funds to finance its new farming project in Mpumalanga. Its finance manager has suggested 3 options that are listed below.
3.1 Equity Finance
3.2 Debt Finance
3.3 Bank Loan
Given the prevailing economic situation in South Africa and the after effects of the COVID 19 pandemic, assess these sources of finance and provide a recommendation on the most suitable source of finance.

Answer rating: 100% (QA)

Let us analyze all 3 means of raising funds and then make a choice Equity finance will involve the p... View the full answer