South Africa: Treasury On Three-Month Extension of the Covid-19 Loan Guarantee Scheme

[Govt of SA] 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.
Source: AllAfrica News: Health and Medicine - Category: African Health Source Type: news