The Oppenheimer family has announced details of how South African businesses can apply for a slice of their R1 billion donation. The money will be paid out directly to employees of small, medium and micro-sized businesses as interest-free loans.

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Many of our staff have phoned to say thank you as they are now able to buy bread for their families. This makes a big impact on people’s lives. SAFT will extend direct financial support to SMME employees who are at risk of losing their jobs or will suffer a loss of income because of COVID-19 Absa will be administering the loans on behalf of SAFT and will facilitate the signing of the loan agreement with the qualifying SMME and make payments directly to the affected permanent employees. The loan has no minimum monthly payment requirements and no interest will be charged, it does however need to be settled in full with SAFT at In a sign of unwavering support for Small, Medium and Micro-sized Enterprises (SMMEs), communities and the economy at large, Absa has partnered with the South African Future Trust (SAFT) to administer the disbursement of funds to SMME employees whose income will be impacted in the wake of the COVID-19 pandemic. To qualify for a SAFT loan your business needs to visit www.absa.co.za Be able to prove the current or future impact of COVID-19 on your operation.

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Absa Bank Limited, Registration number 1986/004794/06. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000 Terms Of Use | Banking Regulations | Privacy Statement | Security Centre | © Copyright. Absa Bank Limited, Registration number 1986/004794/06. The SAFT has partnered with four of South Africa’s leading banks in administering this scheme: ABSA, FirstRand Bank, Nedbank and Standard Bank.

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Have been trading for 24 months or more. 2020-04-01 2020-04-06 2020-03-31 SAVCA’s response to the containment of COVID-19 Kindly note that the South African National Coronavirus Command Council has announced a nation-wide lockdown for 21 days with effect from midnight on Thursday the 26th of March. All SAVCA employees will therefore continue to abide by SAVCA’s work-from-home policy allowing for virtual meetings only, for the duration… 2020-04-01 2020-04-01 SMEassist. 371 likes.

South African Future Trust ("SAFT") 17. The local banks (Absa, First National Bank, Investec, Mercantile Bank, Nedbank and Standard Bank) (the "Partner Banks") have partnered with SAFT (an independent trust set up by the Oppenheimer family) to extend financial support to SMMEs.

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Financial institution Absa has partnered with the South African Future Trust (SAFT) to administer the disbursement of funds to small-, medium-sized and microenterprises (SMMEs) whose income will 2020-08-11 · More than 17 000 employees of small businesses will receive financial support 11 May 2020 – FNB has received an overwhelming number of applications for SAFT funding support from business clients that were impacted by COVID-19. The South African Future Trust (SAFT) fund was established by the Oppenheimer family to provide financial support to the employees […] Absa has just an account for you. Get an account that has a small monthly fee of just R52.00 . This account lets you use it for a period of 3 years (36 months) before you can be upgraded to a Gold Value Bundle Account. The new federation - saftu, SAFTU Website. Tsepo Lepaga BB Senokoane Sabelo Mhlungu; 081 5069 803: 072 390 4724: 082 659 4679 The SAFT Scheme is now live. The SAFT has partnered with four of South Africa’s leading banks in administering this scheme: ABSA, FirstRand Bank, Nedbank and Standard Bank.
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ABSA – link. Nedbank - link. Standard Bank - link. Apr 16, 2020 This financial aid can also be used to cushion the blows of income loss due to canceled work as a result of the lockdown.
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SOUTH AFRICAN FUTURE TRUST (SAFT) • Subject to a total loan funding limit of R1 billion and on a first-come, first-served basis, the SAFT may provide salary support for qualifying SMMEs. The qualifying criteria include that the SMME needs to bank with one of SAFT’s banking partners (Absa…

This account doesn’t limit your card swipes, you can swipe as many times as you can – giving you the freedom to manage your money around the clock. The new federation - saftu, SAFTU Website. Tsepo Lepaga BB Senokoane Sabelo Mhlungu; 081 5069 803: 072 390 4724: 082 659 4679 The SAFT Scheme is now live.

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To qualify for a SAFT loan your business needs to visit www.absa.co.za Be able to prove the current or future impact of COVID-19 on your operation. Have been trading for 24 months or more.

Alex Martins.