by Standard Bank of a three-month payment holiday on all up-to-date business loans is very welcome. The DA calls on all other banks to match this relief intervention as soon as possible,” DA shadow minister of finance Geordin Hill-Lewis said.
He said the DA had called for a loan forbearance programme since the declaration of a national state of disaster. President Cyril Ramaphosa announced a raft of measures last Sunday designed to curb the spread of Covid-19, including a prohibition on gatherings of more than 100 people.“This business loan forbearance, if it is matched by all banks, will give much needed relief to struggling businesses and families.
“It will give our economy the breathing room it needs to survive the next few months,” Hill-Lewis said However, Hill-Lewis said it was concerning that government had not co-ordinated a nationwide loan forbearance programme proactively, and had instead left it up to individual banks to make these announcements.
“This does not inspire confidence that the government has a firm grip on the economic disaster we face, or that they have any plan to help get our economy through this crisis.”
But if people are not up to date, why kick them while they are on the floor now?
Does this involve car loans
StandardBankZA - what about bonds etc. Would be wonderful if you could extend the same grace to those looking after you foe years. Remember....no clients....no bank...
How about updates bonds repayments mara standard bank?
Yes absa must follow suit I'm showing this to my banker first thing
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Standard Bank gives SA small business owners and students a 3-month payment holidayUPDATED: Standard Bank has announced a 3-month payment holiday for small business owners and students in South Africa amid the coronavirus pandemic. I'm not paying my std bank homeloan this month. Home loans and car payments next 😉 Well done a small reprieve is needed. Although many are in for a great shock. 3 months will fly by and watch the vultures circle
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Standard Bank gives SA small business owners a 3-month payment holidayStandard Bank gives SA small business owners a 3-month payment holiday Standard Bank has announced a 3-month payment holiday for small business owners in South Africa amid the coronavirus pandemic. SandileMadonse2 Good news 3 month bond payment holiday please StandardBankZA Will interest and monthly fees still be added? Many people want to know.
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