Covid-19 relief granted for 376,000 Absa customers as wallets squeezed

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More than 376,000 account holders affected by Covid-19 have taken advantage of payment relief across Absa's retail and business banking division in South Africa.

Absa's payment relief programme is available to all customers in good standing, and there are no administrative fees, turnover limits or income thresholds.More than 376,000 account holders affected by Covid-19 have taken advantage of payment relief across Absa's retail and business banking division in South Africa.

"The programme’s strong uptake, and indeed the bank’s wide-ranging and upcoming initiatives, are testament to our commitment to finding genuine, customer-orientated solutions in a time of great anxiety," said Absa.

 

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AbsaSouthAfrica I sent a DM yesterday

Not a good idea falling in to this trap. Those people will pay back the bank at what rate?

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