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The South African Future Trust (SAFT) was set up by Nicky and Jonathan Oppenheimer as result of the COVID-19 pandemic. absa.co.za. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. SAFT Employer Relief Fund applications are now closed. The funds allocated to Standard Bank by the South African Future Trust (SAFT) have been fully allocated to over 22 000 employees of qualifying SMMEs and applications are now closed.

Government. Institutions. Target market Business Banking clients who are not FNB SMEs can register their interest to apply for the South African Future Trust (SAFT) funding by completing the SME assessment found under the “Covid-19 – For My Business” menu on the FNB Bbexza. 365 likes · 1 talking about this.

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In a sign of unwavering support for Small, Medium and Micro-sized Enterprises (SMMEs), communities and the economy at large, Absa has partnered with the South African Future Trust (SAFT) to administer the disbursement of funds to SMME employees whose income will be impacted in the wake of the COVID-19 pandemic. 2020-04-22 The SAFT has partnered with four of South Africa’s leading banks in administering this scheme: ABSA, FirstRand Bank, Nedbank and Standard Bank. The SAFT scheme is now live.

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The South African Future Trust (SAFT) has been set up by Nicky and Jonathan Oppenheimer to provide direct financial relief of R1 billion to employees of qualifying SMMEs in South Africa against possible income loss as a result of the COVID-19 pandemic. In a sign of unwavering support for small, medium and micro-sized enterprises (SMMEs), communities and the economy at large, Absa has partnered with the South African Future Trust (SAFT) to SAFT LOGO Absa has partnered with SAFT (South African Future Trust) to ‘to administer the disbursement of funds to SMME employees whose income will be impacted in the wake of the COVID-19 pandemic’. In a sign of unwavering support for Small, Medium and Micro-sized Enterprises (SMMEs), communities and the economy at large, Absa has partnered with the South African Future Trust (SAFT) to administer the disbursement of funds to SMME employees whose income will be impacted in the wake of the COVID-19 pandemic. Business Bank account number at Absa Industry (e.g. Manufacturing) Brief explanation of how Covid-19 has impacted the Applicant Date Applicant started trading Income tax reference number (By inserting this number, the Applicant is consenting to the Bank as agent of SAFT verifying the number) PAYE number Absa will be administering the loans on behalf of SAFT and will facilitate the signing of the loan agreement with the qualifying SMME and make payments directly to the affected permanent employees.

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19 May 2020 The local banks (Absa, First National Bank, Investec, Mercantile Bank, SAFT funds will be disbursed as concessionary loans to qualifying Standard Bank has partnered with the South African Future Trust (SAFT) to extend financial support to the employees of SMMEs during COVID-19. South African Future Trust (SAFT). Administered by Oppenheimer Generations.