Bathabile Dlamini, the president of the ANC Women’s League has revealed that the organisation is currently grappling with complaints from black women led businesses who are not receiving funding from the Covid-19 stimulus package, of which R200 billion is administered by the banking sector in South Africa.
She further reinforced the claim that the banks were discriminating against black women led businesses. Banks have voluntarily offered financial relief of R19.34 billion to individuals and of R12.96 billion to commercial and small and medium enterprises. Separately, R13.26 billion in loans were extended by banks under the Covid-19 Loan Guarantee Scheme,” the association said in a statement.I
However, Adil Nchabeleng, the president of TransformRSA, a black empowerment lobby grouping said the statement released by BASA did not address the issues raised by his organisation. He explained that the court action to take the banks to the Equality Court is not directed to BASA which he said was “a mere association”.