Some of the country’s major banks have started taking applications on the tweaked R200bn loan-guarantee scheme after President Cyril Ramaphosa’s centrepiece programme to limit the economic effect of the Covid-19 pandemic failed to take off.
Under the amended version of the programme, small businesses can now apply for loans of up to R100m regardless of turnover, opening the net wider. The initial phase only considered applications from companies with annual revenue of no more than R300m...
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.