Coronavirus: Euphonik advises artists ask banks for a payment holiday

Coronavirus: Euphonik advises artists ask banks for a payment holiday

- Euphonik has advised entertainers and artists to be upfront with banks if they are unable to pay their debit orders

- The DJ said banks are aware that coronavirus badly affects entertainers who depend on gigs to survive

- The star invited his peers and colleagues to reach out to him for more in-depth advice

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Euphonik hopped onto Twitter to dish out some advice to his colleagues in the entertainment industry.

He said that it's best if they approach banks about the financial difficulties they are currently facing due to the coronavirus pandemic.

Many artists who depend on gigs to survive are in dire straits because they can't work at the moment.

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President Ramaphosa advised against gatherings of over 100 people in his speech addressing the coronavirus, which is why so many artists are unable to earn their living while the risks are raging.

In a video posted to Twitter, Euphonik said, "What I would suggest you guys do is that you take the onus upon yourselves and speak to your bankers, speak to your financial institutions, anyone and everyone who you owe money to, and make arrangements now.
"Make arrangements for them to give you a payment holiday. [Make sure] that the payment holiday is penalty-free, costs-free and that it lasts for about three to six months."

Euphonik highlighted that nobody knows how long social distancing due to the coronavirus is going to last.

He further advised that artists try and cut down on every single expense that is unnecessary.

Other entertainers to give advice on dealing with the coronavirus have been actress Nomzamo Mbatha and businesswoman Babalwa Mneno.

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