Basa says Covid-19 business relief loans likely to reach R24bn in January
However, this is nowhere near the R67bn banks estimate is needed
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. ..