SA Future Trust PR Celebrates Small Businesses During Tough Times

SA Future Trust PR Celebrates Small Businesses During Tough Times Submission Details

Author: Lizzy Wunganai from O25.
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Notes to Media
About the South African Future Trust
The SA Future Trust was established in March 2020, with a R1 billion donation from Oppenheimer Generations Foundation, to support SMMEs through the Covid-19 crisis. The SA Future Trust partnered with six major banks – Absa, FNB, Investec, Mercantile Bank, Nedbank and Standard Bank – to extend interest-free loans to qualifying small businesses and disburse the funds directly to their employees. In total, the SA Future Trust extended loans worth R1.04 billion to 9656 SMMEs. This in turn facilitated direct financial support to over 90 000 employees. The SA Future Trust continues to focus on accelerating growth and job creation in the SMME sector in South Africa.

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