SA SMME COVID-19 Impact Report

The COVID-19 pandemic resulted in a lockdown that had a devastating impact on the livelihood of small businesses. According to the National Income Dynamics Study (Coronavirus Rapid Mobile Survey), a consumer study, South Africa has lost a decade’s worth of jobs in less than half a year of lockdown and the economy slowed by 16.4% in the second quarter of 2020 compared with the first quarter of 2020.

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Covid-19

Find out more information about Loan Guarantee Scheme, Government Vaccine Toolkit & The SA SMME COVID-19 Impact Report

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Loan Guarantee Scheme

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COVID-19 Loan Guarantee Updates

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Loan Guarantee Scheme Background

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Transformation 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.

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Do not Take the Bait: OBS Warns

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April 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.

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COVID-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.

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Climate 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

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