South African banks lure SMEs to $12bn covid relief fund

South Africa President, Cyril Ramaphosa

Major banks in South Africahave started receivingapplications for the re-energized $12bn loan-guarantee scheme which isPresident Cyril Ramaphosa’s centrepiece programme to limit the economic effect of the Covid-19 pandemic fin the country. The programme first announced in April met with lukewarm

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