Nedbank announces measures to help South Africans amid COVID-19

File: The logo of Nedbank.

File: The logo of Nedbank.

eNCA /Zacharia Mashele

JOHANNESBURG - As the number of COVID-19 cases continues to rise, Nedbank has announced some measures to help South Africans affected by the virus.

The bank said it is committed to supporting clients during this difficult time.

"This undertaking to work alongside and support our clients with suitable individual solutions to cashflow challenges they may experience as a result of COVID-19 extends to any loan agreement they have with us.

READ: Standard Bank gives 3 month 'payment holiday' for small businesses

This support could include deferring payments (or part thereof) for a suitable period, extending existing loan periods or extending additional credit to manage short term cashflow shortfalls", said the bank in a statement.

Clients are advised to contact the bank to make the necessary arrangements.

Meanwhile, Standard Bank also announced a three month 'payment holiday' for small businesses.

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Source
eNCA