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SOUTH AFRICAN RESERVE

South Africa extends COVID-19 loan scheme deadline by three months

JOHANNESBURG (Reuters) - South Africa has extended by a further three months the deadline of a loan scheme that is central to efforts to counter the economic impact of the COVID-19 pandemic, the Treasury said on Monday.President Cyril Ramaphosa announced the bank loan scheme for businesses, worth up to 200 billion rand ($13.72 billion) in total and partly guaranteed by the government, in April 2020.

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South Africa extends COVID-19 loan scheme deadline by three months