Absa considers additional support for consumers battling Covid-19 fallout

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...