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As at 19 June 2021, R18,39 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme. Demand for the scheme dropped sharply since April 2021, and in the past month only 65 loans, with a value of R35,70 million, have been approved by banks.
For a fourth consecutive year, FNB has been voted as the most valuable banking brand in the 2021 Brand Finance® South African 50 report, leading with a brand value of R22.1 billion.
FNB has revealed that contactless payments have surpassed Chip and PIN contact payments for the first-time ever among its Credit, Debit, Fusion, and Virtual Card users. The Bank attributes the behavioural shift (from chip contact to contactless) to consumer’s preference and awareness of safer, convenient, and quicker means to pay at a Point-of-Sale.
As at 08 May 2021, R18,35 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme, an increase of R12,60 million over the previous two weeks.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?