• Finance Minister Tito Mboweni. Picture: @TreasurySA/Twitter

    SA hopes to ease access to COVID loans amid low payouts

    The scheme, launched in May, was meant to encourage banks to lend more, on more favourable terms, to small businesses struggling with the effects of the pandemic. But concerns arose that the money was not being fully used after big banks approved only a few billion rand of loans in the first few weeks.

  • FILE: Reserve Bank governor Lesetja Kganyago. Picture: EWN.

    SA Reserve Bank says lenders can handle coronavirus crisis

    The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.