How is the National Government encouraging private sector financiers to assist business in these challenging times?

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Published: March 24, 2020

According to the President’s Statement on 23 March 2020, commercial banks have been exempted from provisions of the Competition Act to enable them to develop common approaches to debt relief and other necessary measures.

All major banks have announced various measures to assist businesses in this time. Please visit your primary bank to determine available options.

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supportbusiness@wesgro.co.za

How is the National Government encouraging private sector financiers to assist business in these challenging times?

Published: March 24, 2020

Related FAQS

WHAT RELIEF MEASURES HAVE BEEN MADE AVAILABLE FOR ARTS AND CULTURE (INCLUDING FILM, CREATIVE INDUSTRIES, MUSIC AND CULTURE)?

HAVE ANY RELIEF MEASURES BEEN PROVIDED/MADE AVAILABLE TO OFF-GRID ENERGY COMPANIES THAT HAVE BEEN AFFECTED BY THE COVID-19 PANDEMIC?

HAS THE SOUTH AFRICAN RESERVE BANK AND NATIONAL TREASURY IN ASSOCIATION WITH BANKING ASSOCIATION SOUTH AFRICA PROVIDED ANY RELIEF MEASURES OR INTERVENTIONS TO SMALL AND MEDIUM ENTERPRISES AFFECTED BY COVID-19?

HAS THE WESTERN CAPE GOVERNMENT ANNOUNCED ANY PROVINCIAL RELIEF MEASURE FOR THE CULTURAL, CREATIVE AND SPORT SECTORS?

HAS THE IDC PROVIDED RELIEF FUNDING FOR BUSINESSES IN DISTRESS DUE TO THE COVID-19 PANDEMIC?

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