The South African Future Trust Fund started by Nicky and Jonathan Oppenheimer to provide financial relief on small businesses during the Covid-19 lockdown has been exhausted. The fund has approved loans for 12,000 small businesses after receiving about 38,000 applications. Jonathan Oppenheimer joins CNBC Africa for more.
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.