Basa says Covid-19 business relief loans likely to reach R24bn in January

📆 28/08/2020 19:00:00
📰 BDliveSA

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 63%

France Nouvelles Nouvelles

However, this is nowhere near the R67bn banks estimate is needed

The Banking Association SA 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.

Speaking to the media on Friday, MD of Basa, Bongiwe Kunene, said a number of factors are behind the slow uptake of the loans. “We are also looking at the operating conditions of each of the companies applying for these loans and we are finally coming to some conclusion that, tentatively, looking at what we know so far, debt is not the only answer,” Kunene said.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Basa says Covid-19 business relief loans likely to reach R40bn in JanuaryHowever, this is nowhere near the R67bn banks estimate is needed
La source: BDliveSA - 🏆 12. / 63 Lire la suite »