News Formal

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

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

Indonesia Berita Berita

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Basa says Covid-19 business relief loans likely to reach R40bn in JanuaryHowever, this is nowhere near the R67bn banks estimate is needed
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »