The red berets say the three month payment holiday would be for all the people who cannot afford to make the payments due to the nationwide lockdown.
The EFF has called on the government to impose an interest-free payment holiday for three months for South Africans who cannot afford to make the payments due to the nationwide lockdown.
The red berets said though they welcomed the extension of the lockdown by an additional 14 days announced by President Cyril Ramaphosa on Thursday evening, “we are not convinced that government has taken adequate measures to mitigate against the economic and subsistence consequences on ordinary people”.
“The president and the Covid-19 Command Council are tip-toeing around the financial services sector and are afraid to provide decisive and clear direction that will insulate our people from the economic jeopardy of further exclusion and repossession of their vehicles, businesses and houses. “This points to the reality that the financial services sector, particularly banks have disproportionate political control of the elected government.”
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