Treasury on three month expansion of COVID-19 Coronavirus mortgage warranty system
Three-month extension of the Covid-19 mortgage warranty strategy
The borrowed funds Guarantee Scheme (LGS) got launched by President Cyril Ramaphosa on 21 April 2020 as part of the business Stimulus plan and was made to aid small businesses which were having economic stress through the COVID-19 pandemic. The LGS was launched by National Treasury, the South African Reserve financial and the financial Association South Africa (BASA) on 12 might 2020. (more…)
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