EXPLAINER | What you need to know about govt's new 'bounce back' loans for businesses | Fin24

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The new"bounce back" loan scheme - aimed at helping businesses recover from the pandemic - has finally come into effect. The scheme had been in the making for months before finance minister Enoch Godongwana announced it in February, and the government had more time to prepare than it did with the Shortly before the end of the scheme in mid-2021, only R18.4 billion – of a potential R200 billion – had been dispersed.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

I could do with a third of my pension right now

CoruscaKhaya Don't make us laugh. Cadres only, and no repayments, except by taxpayers. Ons is nie onder 'n kalkoen uitgebroei nie.

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BOUNCING BACK: SA Treasury revives loan guarantee scheme for struggling businessesThe new R20bn loan guarantee scheme seeks to correct the many design flaws of the original loan scheme launched by President Cyril Ramaphosa at the height of the Covid-19 crisis. bullshit deal which small business turns over this requirement of turnover
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