Standard Bank to partner with National Treasury to rollout Energy Bounce-Back Loan Guarantee Scheme
The Standard Bank South Africa Limited (SBSA) is in the final stages of concluding agreements with government that will see it participate in the Energy Bounce-Back Loan Guarantee Scheme, which will offer affordable solar loans to both Personal and Business Clients.
“The move is in line with SBSA’s commitment to promote the roll out of affordable and reliable solar power and other alternative energy solutions for residential and business customers alike”, says Lungisa Fuzile, Standard Bank South Africa CEO.
“The adoption of renewable energy is critical to helping South Africa overcome its electricity shortfalls and combat the very real impact of climate change. Standard Bank has already invested in solutions to assist our personal and business customers to get started on their solar journey,” he explains.
“By participating in the Energy Bounce-Back Loan Guarantee Scheme, we’ll be able to assist customers with preferential financing options that make the installation of solar more accessible.”
The scheme forms part of government’s efforts to curb the impact of persistent energy constraints on economic growth, as well as assisting with the country’s aim to reduce carbon emissions.