Category Archives: Guaranteed Loan Scheme

By Peter Cottrell CA(SA) In April 2020 a Guaranteed Loan Scheme was announced, representing a partnership between major banks, National Treasury and the South African Reserve Bank.  The scheme was intended to address economic impacts of the Covid-19 pandemic, particularly to provide liquidity to businesses that are in distress.  Concerns have been expressed over accessibility to theContinue reading “COVID-19: Update of Guaranteed Loan Scheme”

By Peter Cottrell CA(SA) The major challenge facing most businesses is the need for liquidity, both during the lock-down period and for the subsequent reboot of the economy. On 21 April 2020, President Ramaphosa outlined further economic and social measures in response to the Covid-19 pandemic.  One measure that will be of significant interest to many  SmallContinue reading “COVID-19: Guaranteed Loan Scheme for SMEs”