As of yesterday, some banks went live with the relief fund programmes aimed at Small and Medium Enterprises affected by COVID-19. While some business owners welcome the relief, others are doubtful of the hand that has been extended. Standard Bank, Absa and FNB have announced that they are willing to give their customers debt servicing relief. This includes reducing one’s monthly instalment or taking a full payment holiday for the next three months.
SABC’s Liabo Setho reports.
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