The Covid-19 loan guarantee scheme will be extended by three months. The scheme was launched as part of government’s R500 billion stimulus package to support the economy given the impact of the Covid-19 pandemic. The scheme is based on a partnership between National Treasury, the SA Reserve Bank (SARB) and the Banking Association of South Africa (BASA). It is meant, specifically, to support struggling businesses.

Published on

By Smile Staff Reporter


Add Smile FM on Google

Smile Staff Reporter
Smile Staff Reporter

Latest articles

Previous article
President Cyril Ramaphosa says the COVID-19 pandemic has showcased Africa’s capabilities in science and in health response. Speaking during the Africa Centre for Disease Control’s two-day conference on vaccine manufacturing, Ramaphosa said the talent and will is there, but resources are a challenge.
Next article
Health MEC Nomafrench Mbombo says the Western Cape is ready for Phase Two of the vaccine rollout. Mbombo visited Caledon and Swellendam hospitals today to assess their readiness ahead of the roll out of phase 2 of COVID vaccines. Provincial health authorities have reiterated that rural communities will not be left out when COVID-19 jabs are administered.

UPDATE: Arrest, after two 14-year-olds injured in school stabbing

Smile Staff Reporter -
  The Western Cape SAPS has confirmed the arrest of a 13-year-old in connection with a stabbing incident at Helderberg High School that left two...

Man dies after trying to save his son from drowning in Wilderness

Smile Staff Reporter -
 A man has died after being swept into the sea while trying to help his son during a drowning emergency at Leentjiesklip Beach in...

New programme gives learners skills beyond matric

Smile Staff Reporter -
 The Western Cape Education Department (WCED) has allocated R127 million in a new initiative aimed at strengthening technical education and preparing learners for the...