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

JOHANNESBURG - Standard Bank has announced a three-month payment holiday for small business owners in South Africa in a move aimed at softening the blow of the coronavirus pandemic on consumers.

WATCH: Small businesses to receive COVID-19 fund relief

Small businesses will only be eligible if they have a turnover of no more than R20-million per year.

Their business accounts must also be up to date.

The bank has also approved a payment holiday from 1 April to 30 June for student loan customers who are studying full time.

Coronavirus Hotline Number: 0800 029 999 from 8am to 4pm, Monday to Friday

Help protect your loved ones by sharing this official South African government COVID-19 service with your family, friends and community.

Send HI to 0600 123 456 on WhatsApp.

The NICD has another Clinician Hotline to improve #COVID19 communication and support for healthcare providers. The Clinician Hotline is 0800 11 1131, operating 24 hrs. The Public Hotline is 0800 029 999 also operating 24hrs.