EFF urges banks, other service providers to be lenient amidst covid-19

EFF urges banks, other service providers to be lenient amidst covid-19

- The EFF has proposed some radical measures to assist the public amidst the coronavirus crisis

- The party has called on banks to suspend debit orders and for service providers to halt fees for four months

- The EFF also urged government to initiate a grant of R3 500 for workers who earn less than R15 000 per month

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South Africans were stunned to learn of the imminent 21-day lockdown following President Cyril Ramaphosa's address on Monday.

In addition, Ramaphosa announced a number of measures that will be put in place to provide some protection to the economy and the working class.

However, the Economic Freedom Fighters have issued their own list of measures and called on government and the private sector to comply.

READ ALSO: SA rallies behind Ramaphosa after lady’s moving note: “What a leader”

The party issued a statement, which was shared via social media, and called for numerous reforms.

One which would have a profound financial effect is the proposed payment holiday for clients of banks who hold home loans, vehicle finance, student loans and credit card debt.

The EFF added that the period should last up to four months, but that banks should not have the option to retrench workers.

READ ALSO: Ramaphosa confirms Oppenheimers and Ruperts to each donate R1 billion

Although the local banks may cringe at the eye-watering proposal, government may be even more reluctant to adapt to the EFF measures.

The red berets has recommended that government provide a grant to the value of R3 500 to workers who earn below R15 000 per month.

Evictions should be prohibited and rental payments suspended as well. However, the party added that property owners should receive a subsidy to offset these potential losses in revenue.

Meanwhile, Briefly.co.za previously reported that the EFF helped to apprehend foreigners who entered South Africa illegally.

The group of Japanese nationals were denied entry, but found a loophole through Mozambique.

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Source: Briefly.co.za

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