Is your small South African business affected by the coronavirus?
Will South Africans get subsidies and relief amid the coronavirus pandemic?
South African small business owners are hit with the possibility of no income due to COVID-19. Are you one of them?
On Tuesday, UK Chancellor Rishi Sunak revealed a new action plan after he said that "the UK has never, in peacetime, faced an economic fight like this one".
READ: What are your rights as an employer and employee? – Labour lawyer answers
The solution? Government-backed loans worth £330bn and a three-month mortgage holiday has been announced by the chancellor as part of "unprecedented" measures to help businesses and families.
The measures will include a three-month mortgage holiday for those in difficulty because of coronavirus, as well as cash grants of £10,000 to 700,000 of the smallest businesses.
However, can the banks and the South African government afford to do the same?