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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now