As at August 9, banks in South Africa have provided voluntary relief on loans with a book value at risk of R537-billion, in efforts to support the South African economy during Covid-19. The Banking Association of South Africa (Basa), which represents all the registered banks and a board comprising bank CEOs, on August 19 updated Finance Minister Tito Mboweni about what the banking sector will further do to assist customers during Level 2 lockdown.
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