Bounce Back Scheme uptake slow amid rising interest rates, blackouts
07 August 2022 - 06:50
The government's R15bn bounce-back scheme to aid businesses hit by Covid, unrest and floods has only approved R140m in loans amid rising interest rates and load-shedding.
The National Treasury, which is facilitating the scheme for small and medium enterprises (SMEs) with banks, said of the approved loans, R77m have been disbursed...
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.