New loan guarantee scheme implemented from next week
The initial tranche will see R100bn made available to commercial banks to support distressed businesses
24 April 2020 - 16:11
Finance minister Tito Mboweni has said he expects the loan guarantee scheme announced by President Cyril Ramaphosa to be operational by next week.
“My understanding is that the scheme is ready to go next week, and it will [be operational] for the foreseeable period ahead,” Mboweni said at a media briefing on Friday...
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