Standard Bank gives its loyal smaller businesses a debt repayment holiday

VAAL TRIANGLE - Standard Bank has announced that it is giving all its loyal smaller businesses in the Vaal Triangle, and the rest of South Africa, a debt repayment holiday of three months in order to help them cope during the coronavirus pandemic. The offer is valid for business customers with a turnover of less than R 20 million per year and who are up to date with payments. The bank has also approved a payment holiday of three months for full-time students with loans. The concession will apply automatically, but the bank points out that interest and fees accrued over the period will be capitalized on lending accounts. PHOTO: (Supplied)

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