Basa says Covid-19 business relief loans likely to reach R24bn in January
However, this is nowhere near the R67bn banks estimate is needed
28 August 2020 - 14:31
The Banking Association SA (Basa) said on Friday that it expects disbursements to struggling businesses under the R200bn Covid-19 loan guarantee scheme to reach R24.4bn by January 2021.
Even the best-case scenario in which the industry lobby group expects loans to total R43bn would not come to close to the R67bn banks have estimated is what clients need. ..
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.