JOHANNESBURG - Absa said it would be rolling out a financial relief programme for its customers as many South Africans face economic uncertainty during the coronavirus pandemic.
Absa's Songezo Zibi said those who qualified would be able to reduce their monthly installments or to defer payments for a period of three months. “What we have decided to do is to recognise all forms of debt that our customers have and not limit it to a certain income group or certain type of product. This applies to all customers who qualify for debt relief who are able to pay less or not pay anything at all over the next three months.”Other banks, including FNB and Standard Bank, have also announced interventions to provide relief for hard-pressed clients.
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