Streaming issues? Report here
Phushaza Sibiya 702 Gradients Phushaza Sibiya 702 Gradients
The Jukebox
22:00 - 00:00
volume_up
volume_mute

The Jukebox
22:00 - 00:00
Home
arrow_forward
Local

Financial sector looking to ensure banks are able to deal with COVID-19

17 March 2020 5:20 PM
Tags:
Banking Association of South Africa
Coronavirus
coronavirus outbreak

Joanne Joseph spoke to Banking Association of South Africa managing director Cas Coovadia.

The financial sector is looking to ensure that the banking industry is able to handle any issues that might come up as a result of the coronavirus outbreak.

Joanne Joseph spoke to Banking Association of South Africa managing director Cas Coovadia to find out more.

We are talking to the competition authorities to give us some sort of sanction to actually discuss these issues and then we will bring the industry together at a higher level to see what decisions we can take at an industry level.

Cas Coovadia, Managing director - Banking Association of South Africa

We are conscious of the fact that banks pay a critical role, we are conscious of the fact that bank customers will be going through significant strain in the next few months and so within that context we will come together to see what will banks play in helping people alleviate some of the pressure they are under without putting the system and banking industry at risk.

Cas Coovadia, Managing director - Banking Association of South Africa

We have already been in touch with the competition authorities, they are looking at this.

Cas Coovadia, Managing director - Banking Association of South Africa

He says the possibility that customers will have trouble paying back their debt if they are not paid salaries during this time will be considered.

There are also discussions around other operational issues.

In the event of branch closure, if we get to that stage, how do we do that, share information of that?

Cas Coovadia, Managing director - Banking Association of South Africa

Coovadia says there is no need for panic at this time.

Click on the link below to hear more...


17 March 2020 5:20 PM
Tags:
Banking Association of South Africa
Coronavirus
coronavirus outbreak

Recommended

More from Information about Covid-19 coronavirus

zweli-mkhizejpg

UPDATE: South Africa's recoveries reach 118,232

10 July 2020 9:13 PM

There were 12,349 new infections. The total number of deaths is 3,860.

Share this:
Read More arrow_forward

scootersjpg

'EC scooters were procured to allow transportation of meds by health workers'

10 July 2020 12:07 PM

Provincial health department head Dr Thobile Mbengashe is adamant that these scooters were never meant to be ambulances.

Share this:
Read More arrow_forward

Professor Salim Abdool Karim

'I would not say COVID-19 is airborne at this stage, I would want more info'

10 July 2020 8:26 AM

Professor Salim Abdool Karim says its likely virus might be airborne, but there isn't enough information on that matter.

Share this:
Read More arrow_forward

Coronavirus

'Regulation forcing us to bury COVID-19 person within 48 hours causes backlog'

9 July 2020 3:01 PM

SA Funeral Practitioners Association's Vuyo Mabindisa says there has been an increase of 30% in funerals due to pandemic.

Share this:
Read More arrow_forward

20200703masukunasrecjfif

Preparing gravesites and mortuaries is standard practice in a pandemic - Masuku

9 July 2020 1:10 PM

Gauteng Health MEC reflects on the province's preparedness to fight the spread of COVID-19 while being the epicentre.

Share this:
Read More arrow_forward

200115-malegapuru-makgoba-ejpg

Health Ombud Malegapuru Makgoba to serve in panel of USA COVID-19 vaccine trial

8 July 2020 8:14 AM

Makgoba is one of three non-Americans to serve on this 12 person panel.

Share this:
Read More arrow_forward

Covid-19 insurance 123rf 123rfbusiness 123rflifestyle 123rfpersonalfinance

Shareholder activists grill Santam about 'business interruption insurance'

7 July 2020 6:47 PM

The lockdown did it – not the pandemic – so we can’t pay, argues Santam. Bruce Whitfield interviews Tracey Davies of Just Share.

Share this:
Read More arrow_forward

edcon-club-feejpg

Edcon to sell chunks of Edgars to rival owner of Legit, Beaver Canoe and Style

7 July 2020 6:26 PM

The Money Show’s Bruce Whitfield interviews Grant Pattison, CEO at Edcon, about the deal with fashion retailer Retailability.

Share this:
Read More arrow_forward

aureliejpg

Help EWN’s Aurelie Kalenga continue to feed hundreds of families during COVID-19

7 July 2020 9:11 AM

People can make donations through Webtickets and send those voucher codes to AurelieK@ewn.co.za.

Share this:
Read More arrow_forward

Coronavirus

What to do when you find out that you have tested positive for COVID-19?

7 July 2020 7:58 AM

Gauteng General Practioners Collaboration member Dr Dan Israel gives basic steps on how people can deal with the virus.

Share this:
Read More arrow_forward