Farmers need payment reprieve too, Agbiz urges banks
The Agricultural Business Chamber says some farming subsectors will be badly affected by the Covid-19 pandemic
23 March 2020 - 15:49
The Agricultural Business Chamber (Agbiz) has urged banks to extend the measures they have taken to support small and medium-sized enterprises (SMEs) to farmers, considering the crucial role they play in the local economy.
As the coronavirus continues to wreak economic havoc across the globe, banks in SA have been urged to consider extending payment holidays to the farming sector as it fights to ensure food security. At the weekend, Standard Bank announced a 90-day loan repayment holiday for SMEs as part of measures to stem the Covid-19 economic fallout...
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