Absa helps 376,000 clients with debt relief
The bank expects to be granting new Covid-19 loans under a loan guarantee scheme soon
In a sign of a wave of financial distress gripping consumers, Absa has rolled out its debt relief programme to nearly 400,000 consumers and small businesses disrupted by the Covid-19 pandemic.
Absa’s programme, which started on April 1, came shortly after SA entered nationwide lockdown that cut off businesses from their clients, forcing companies to send employees on unpaid leave and the government to come up with a range of measures to provide a soft landing. ..