The Banking Association SA says it is in discussions with the Treasury and Reserve Bank to find ways to introduce more flexibility
Banks have approved R7bn to support small firms under the Covid-19 loan guarantee scheme, the Banking Association SA said on Thursday.
However, discussions are under way to revise some of the terms and conditions of the scheme, which has struggled with low take-up, Basa MD Bongiwe Kunene said.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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