Covid-19
Absa considers additional support for consumers battling Covid-19 fallout
Banks consider expanding Covid relief programmes for hundreds of thousands of customers enduring salary reductions and job layoffs
29 June 2020 - 16:54
Absa is considering extending its debt repayment holiday, becoming the latest lender to consider additional support measures for hundreds of thousands of consumers losing their income due to a Covid-19 economic contagion.
SA's banks introduced relief measures including a three-month break on paying down debt and rescheduling of loans as a tidal wave of salary reductions and job layoffs kicked in due to the coronavirus-induced lockdown which pushed economic activity to a grinding halt...
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.