The role of banks in providing loans to battling small businesses hit by Covid-19 has come into question in Parliament with Minister of Small Business Development Khumbudzo Ntshavheni telling MPs only R15 billion out of R200bn of the government guaranteed scheme has been distributed by the banks.
Ntshavheni said most of the companies that have benefitted the most from the R15bn allocated to small businesses were white owned companies."Honourable Dangor is saying given the limitation of resources and banks have been given R200bn and they chose to give R15bn to white businesses and black businesses are not supported," said Ntshavheni.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Out of the Covid-19 crisis we might see opportunities savvy investmentIf management is brave enough to understand the upside of going through a restructure, we might begin to see a more stable SA economy
Source: BDliveSA - 🏆 12. / 63 Read more »