{"id":54521,"date":"2022-05-02T06:00:20","date_gmt":"2022-05-02T04:00:20","guid":{"rendered":"https:\/\/novanews.co.za\/worcesterstandard\/support-scheme-for-businesses-20220427-2\/"},"modified":"2022-05-02T06:00:20","modified_gmt":"2022-05-02T04:00:20","slug":"support-scheme-for-businesses-20220427-2","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/worcesterstandard\/support-scheme-for-businesses-20220427-2\/","title":{"rendered":"Support scheme for businesses"},"content":{"rendered":"<p>The National Treasury has announced the commencement of the Bounce Back Support Scheme aimed at providing additional funding to qualifying businesses to grow the South African economy and facilitate job creation.<\/p>\n<p>In a statement on Tuesday, Treasury said the scheme is expected to facilitate the recovery and bounce-back of businesses beyond the Covid-19 pandemic lockdowns.<\/p>\n<p>\u201cIn June 2020, the Covid-19 Loan Guarantee Scheme was established to help ease financial pressures experienced by qualifying businesses negatively affected by low economic activity following lockdown restrictions to reduce the spread of Covid-19,\u201d according to the statement.<\/p>\n<p>Accessing the Bounce Back Support Scheme loans will be through participating banks. 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