Absa has teamed up with French development financier Proparco for a $20m senior loan to support small to medium-sized enterprises (SMEs) in SA affected by Covid-19.

The loan agreement was signed on December 17, 2021 and will offer assistance to SMEs in sectors that have been particularly hard hit by the pandemic and related lockdown measures, the bank said in a statement on Thursday. The sectors include construction, manufacturing, transport, tourism, wholesale and retail...

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