The South African Reserve Bank has just loosened up some rules to allow banks to lend out more money than they normally would, by relaxing the amount of liquid assets they need to have in relation to what they can lend out & allowing them to dip into reserves

Banks are normally required to keep 100% liquid assets in relation to what they can lend out. This has been lowered to 80%. Meaning that R540 billion is available for them to lend out. More interest income for the banksters!

At a closer look, what this looks like is that the banks will loan out money to businesses that are currently operational, bcos why would a businesss that's not operational go and borrow money for? And why would any bank agree?

If banks do agree to spread this half a trillion around, how do they expect to get paid back by non-functioning entities?(esp since no one knows how long the lockdown will be). Unless of course the aim is to take over those businesses when they inevitably fail to pay up

Most importantly, SAn banks have displayed predatory lending practices, coupled with discrimiatory policies (extortionate interest and stringent requirements) when it comes to lending to Africans. There's no provision stopping them from doing that with these rule relaxations

Just like those Rupert and Oppenheimmer donation/loan/grant/schemes, this has nothing to do with Black people. Banks have a chance to fatten their loan books while gobbling up some small, preferably Black businesses.