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.”
Let's hope so
Hi FNBSA - are we getting all of this?😉
With CapitecBankSA know for fact they not gonna match but outdo them because they just make sure they look after their customers 👏👏
AbsaSouthAfrica lets Africanise the Africanecity kaloku.... Nawe AfricanBank you blcan not be out done.
Its not a blanket offer to all customers, its what they already have to apply for debt releive if you have problems, you must apply and submit extensive paperwork
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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
Source: IOL - 🏆 46. / 51 Read more »
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.
Source: IOL - 🏆 46. / 51 Read more »