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How a lot cash South African banks have given in coronavirus assist – and why they gained’t provide debt write-offs

How much money South African banks have given in coronavirus support – and why they won’t offer debt write offs - How a lot cash South African banks have given in coronavirus assist – and why they gained’t provide debt write-offs

South African banks have permitted greater than R30.6 billion in reduction to people and companies affected by the Covid-19 pandemic and nationwide lockdown. Individually, over R10.6 billion has been prolonged to distressed companies beneath the Covid-19 Mortgage Assure Scheme, the Banking Affiliation of South Africa (Basa) mentioned in a press release on Tuesday (7 July). “Money circulate reduction for eligible …

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