Kubayi-Ngubane hopeful loan scheme will assist struggling tourism businesses

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The tourism industry is battling to survive with businesses in distress and millions of jobs on the line as the impact of COVID-19 continued to ravage the economy.

JOHANNESBURG - With the COVID-19 tourism relief fund depleted, Tourism Minister Mmamoloko Kubayi-Ngubane on Thursday said that she was hoping that the R200 million loan guarantee scheme would assist qualifying businesses who had not received financial help.

In response, government eased regulations and extended the curfew to 10pm to accommodate the battling restaurant industry. Over 3,200 businesses who applied for the relief fund were left empty-handed because the money ran out. The minister asked for patience.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA will start repaying R70bn IMF loan only from 2023The loan to assist in fighting Covid-19 will be disbursed as a lump sum into the government’s account at the SA Reserve Bank
Source: BDliveSA - 🏆 12. / 63 Read more »

SA will start repaying R70bn IMF loan only from 2023The loan to assist in fighting Covid-19 will be disbursed as a lump sum into the government’s account at the SA Reserve Bank
Source: BDliveSA - 🏆 12. / 63 Read more »

A model of financing for trying timesAsset-based financing is a form of lending that could benefit small businesses that are struggling to raise money
Source: BDliveSA - 🏆 12. / 63 Read more »