Standard Bank, SAFT partner to provide relief for S/Africa SMEs

April 2th, 2020 – As part of a drive to provide palliatives for dying small businesses affected by the Covid-19 pandemic, a leading bank in South Africa, Standard Bank, is partnering with the South African Future Trust (SAFT) to disburse loans to selected small business owners.

SAFT, an independent trust set up by Nicky and Jonathan Oppenheimer to extend direct financial support to SMEs who are at risk of losing out in business, has been funded with an initial contribution of R1 billion, with the aim of mitigating the immediate economic impact of the Covid-19 crisis.

According to a statement curled from the website of the bank, the eligibility process includes an online registration before fund is disbursed.

More…https://www.sunnewsonline.com/standard-bank-saft-partner-to-provide-relief-for-s-africa-smes/

Written by The Sun News