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Scheme to help qualifying businesses affected by COVID-19, July unrest and floods kicks-in - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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There is good news for qualifying businesses that are recovering from the impact of the COVID19 lockdown, the unrest in July last year, and flood-related disasters.

Government and lenders, including participating banks, are sharing the risk of the non-repayment of these loans.

Businesses will be required to repay the loan over a period of up to five years or a period agreed to by the lenders.

 

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