FNB FAILURE TO IMPLEMENT SAFT APPLICATION

The SAFT procedure is stated that the Four main banks are to handle the application. FNB does not seem to have anything in place.

As the other main banks have put their COVID 19 SAFT applications and it appears as if FNB has not or does not care. The other banks have setup portals for the applications.

Standard bank https://www.standardbank.co.za/southafrica/business/covid-19/south-african-future-trust has an online system and Nedbank https://nedbank.co.za/content/nedbank/desktop/gt/en/business/covid-19-relief1/SAFT1.htmlhas downloads to submit. Whatever the reason this is totally unsatisfactory from FNB as the funds are limited and on first come first served basis and loyal clients will possible not be able to claim. I am sure that this will result in severe anger and reaction from them.

https://opp-gen.com/saft/#partners OUR PARTNERS We are delighted to confirm a partnership between SAFT and four of South Africa’s leading banks in administering this scheme: ABSA, FirstRand Bank, Nedbank and Standard Bank. They have pulled out all the stops to make this scheme possible in a very short timeframe, to ensure SMMEs can apply for funding from Friday 3rd April. The scheme is currently available to clients of these four banks whose businesses were financially sustainable prior to the COVID-19 crisis. SMMEs should register their interest directly via one of the banks. We are working hard to extend this partnership to other banking institutions and invite their participation. Our partner banks have waived their normal fees in relation to managing the SAFT scheme during this period of national disaster, to maximise the funds available to recipients. Please contact your bank to apply for the scheme.