News
COVID-19 Loan Guarantee Updates
Read MoreLoan Guarantee Scheme Background
Read MoreTransformation Banking Report
The Banking Association South Africa (BASA) Transformation in Banking Report 2020 reflects the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment, despite constrained economic conditions.Significant progress was made on key metrics that track the transformation of the industry and its support for Broad-based Black Economic Empowerment in 2019.
Read MoreDo not Take the Bait: OBS Warns
Read MoreApril 2021 Update: COVID-19 Loan Guarantee
The Covid-19 Loan Guarantee Scheme, which was scheduled to expire on 11 April 2021, will remain in operation for a further three months to allow those who have qualified for a loan to continue to access their funds and for applications in process to be finalised. The scheme will not be extended beyond 11 July 2021.
Read MoreCOVID-19 Loan Scheme Extension
The Loan Guarantee Scheme (LGS) was announced by President Cyril Ramaphosa on 21 April 2020 as part of the Economic Stimulus Package and was designed to support small businesses that were experiencing financial distress as a result of the COVID-19 pandemic. The LGS was launched by the National Treasury, the South African Reserve Bank and the Banking Association South Africa (BASA) on 12 May 2020.
Read MoreClimate Risk Forum Webinar
The session is scheduled for 30 March, 11:15 to 12:45, details included on the invite. Registration Link: Climate Risk Forum Webinar Registration
Read MoreMarch 2021 Update: COVID-19 Loan Guarantee
As of 27 February 2021, R18,01 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme. In the preceding two weeks, participating banks received only 258 applications for loans, of which 61, to the value of R54 million, were approved.
Read MoreThe National Budget 2021
With his budget announcement today, the Minister of Finance, Tito Mboweni, had to put the country’s finances on the road to recovery, create conditions to boost inclusive economic growth and job creation, and restore business and investor confidence.
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