President announces R200bn loan guarantee scheme to help banks
The measure is to help banks and businesses survive Covid19
21 April 2020 - 22:53
President Cyril Ramaphosa on Tuesday announced the creation of a R200bn loan guarantee scheme designed to help banks and hundreds of thousands of smaller businesses survive the economic fallout of the Covid-19 pandemic.
The loan scheme will help banks to continue providing relief to businesses under duress by rolling loans on favourable terms, thereby providing them with a lifeline to continue trading through the crisis...
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