Three-month expansion from the Covid-19 financing promise Scheme
The borrowed funds Guarantee Scheme (LGS) was actually revealed by chairman Cyril Ramaphosa on 21 April 2020 included in the financial stimulation Package and was created to support small businesses which were having economic distress through the COVID-19 pandemic. The LGS premiered from the state Treasury, the South African Reserve financial and Banking connection Southern Africa (BASA) on 12 might 2020.
As at 27 March 2021, banking institutions had accepted 14 827 in loans with the worth of R18,16 billion. (więcej…)