The once-heralded loan guarantee scheme touted as the cornerstone of the government’s response to the economic fallout from Covid-19 looks set to end with a whimper.   

The Banking Association SA (Basa) has reported on the progress made in the R200bn loan guarantee scheme since its launch in May last year. Basa confirmed on Tuesday that R18.3bn in loans has been approved and taken up by small businesses since its launch, an increase of just R12.6m over the past two weeks...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now