SAFT would not have been possible without our partner banks, namely Absa, FNB, Investec, Mercantile Bank, Nedbank and Standard Bank. They processed applications from their clients, signed loans on SAFT’s behalf with qualifying SMMES and made the weekly payments to employees. All the banks waived their normal fees to administer the scheme.
The SAFT scheme is now fully subscribed.
For more information head to: https://www.investec.com/en_za/business-banking/private-business-accounts.html
For more information head to: https://mercantile.co.za/
For more information head to: https://www.nedbank.co.za/content/nedbank/desktop/gt/en/business/covid-19-relief1.html