Banks provided R7.74 billion in cash-flow relief to their financially distressed customers from March 16 to April 25, the Banking Association South Africa said at the weekend. busrep lockdown
JOHANNESBURG - Banks provided R7.74 billion in cash-flow relief to their financially distressed customers from March 16 to April 25, the Banking Association South Africa said at the weekend. This relief was continuing.
Basa said it had provided cash-flow relief, including payment breaks, to commercial, small and medium enterprises worth R7.29bn. “These numbers are likely to increase significantly over the coming period as more relief is approved. Basa will continue to aggregate and publish this data across the industry from time to time to demonstrate the significant role our members are playing to help their customers and the economy in these challenging times,” Basa said.
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