Are you wondering how the COVID-19 Loan Scheme works? Set up by the South African Reserve Bank (SARB) and the National Treasury and partnering with members of the Banking Association South Africa (BASA). This scheme has been created to help small and medium enterprises, support the economy and save jobs.
In order to give readers a better understanding, CNBC Africa shares an article explaining the main points of the loan scheme. Laying out the details of the R200billion scheme. The scheme will be rolled-out in phases. Starting with ‘an initial R100 billion’ and ‘launched as soon as all the necessary legal agreements are in place. All parties are working around the clock to implement the scheme as quickly as possible after these agreements are finalised.’
To find out more, click the link to read the full article about how the COVID-19 Loan Scheme Works.
