(Bloomberg) -- South Africa will introduce a 200 billion rand ($10.5 billion) loan-guarantee program to help banks extend credit to businesses and support the economy in recovering from the coronavirus pandemic, President Cyril Ramaphosa said in a speech broadcast on national television Tuesday.
The guaranteed will support more than 700,000 business and some banks will start implementing them by the end of the month, Ramaphosa said.
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
