Article courtesy – BusinessTech
The South African Future Trust (SAFT), established by Nicky and Jonathan Oppenheimer, will make funds available to South African businesses impacted by the coronavirus from 3 April 2020.
Nedbank said that it will help facilitate the distribution of loans to small businesses on behalf of SAFT.
“The main aim of the SAFT is to mitigate the immediate economic impact of the Covid-19 crisis by keeping companies in business and protecting jobs, in order to fast track South Africa’s economic recovery after this pandemic,” Nedbank said.