COVID-19 :African Billionaire family lends more than half a billion in 11 days to stop small businesses being swept away.
A statement on April 23 said those pledges had now increased to R120 million that will enable the fund to support an extra 10,000 workers.
“Interest free doesn’t sound like loan sharking to me,” says Oppenheimer.
Amid the global COVID-19 pandemic and 21-day lockdown faced by South Africans, First National Bank has announced additional measures to assist small and medium-sized enterprises battling with funding in the country.
“We join all South Africans in expressing our profound hope that, together, we can overcome this grave challenge to our country and to the world,” writes Mary Oppenheimer and daughters.
“It was actually a word from my grandson, Sam, that said we have been privileged for quite some time as South Africans and in a crisis like this you need to give something back to the country"
Motsepe family & associates join Rupert and Oppenheimer families in donating R1bn to deal with COVID-19 pandemic
On Monday South Africa's President, Cyril Ramaphosa revealed that South Africa's richest families the Rupert and Oppenheimer families had each contributed R1 billion to assist small businesses and their...
“SMMEs and the Informal Sector will be affected on a multifront, and the government continues to announce multiple interventions to alleviate the economic impact of COVID-19 against SMMEs and the Informal Sector,” reads the statement issued by the Ministry of Small Business Development.