In a blow to President Cyril Ramaphosa’s post-Covid economic recovery efforts, the Banking Association SA (Basa) expects the industry to have disbursed just more than 12% of the government’s flagship loan guarantee programme by January.
The R200bn scheme is the cornerstone of Ramaphosa’s plan to keep businesses — especially small firms, which typically have limited cash buffers or access to capital markets — financially healthy so they can continue to play a meaningful role in the economy, which is likely to record one of its biggest recessions in generations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.