The Democratic Alliance has called on banking institutions in South Africa to emulate Standard Bank and implement a “business loan payment holiday” in the wake of the Covid-19 outbreak.
“And we are pleased that this request has been heeded. We now need to see this rolled out by all other banks and loan-making institutions. “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.
This SAA bailout should be cancelled immediately and the budget amended to allocate this money to disaster relief, and to provide for the essential equipment that our health officials will surely need in the coming weeks.For the economic survival of small businesses, we propose a nation-wide four month payment holiday on loans for small and medium businesses, in particular property loans, business loans and vehicle loans.
kndlytakeurseat But of course the DA MPs won’t contribute 33% like the all the other MPs... selfishness