Business owners was in a state of shock and fear about the national lockdown of 21 days pronounced by President Ramaphosa.
Some of the most frequent asked questions we received are stated below, with our response to the information available.
1. Small Business
Development – Debt relief fund
If you are able to proof that your company are impacted directly linked to the COVID-19, you can apply for a claim on the following website:
Please make sure to
complete the application form and specifically state the financial impact of
At this stage, we
are not sure about timeline and process from here, but will keep you informed.
If you are one of
our Monthly Accounting Services clients, we will assist you FREE of charges
with this application.
If not make sure to
sign up today.
Find your Gift Pack for entrepreneurs to the value of R 57,500 from a huge variety of small business owners.
Follow the link below to activate your FREE Gift Pack:
(Including in this FREE GIFT PACK is a voucher worth of R 7,500 for 3 – Months FREE accounting services.
2. UIF for
Of the most
frequently asked questions I receive currently is, how to handle employees in
the following instances:
The new National disaster benefit will be launched through the UIF by his Department to assist companies and employees during this time.
Maximum amount to be claimed from the national disaster fund is R 3,500.
The forms that need to be completed can be found in this link.
The required application forms and further instructions are stated below :
3. Assistance from SARS
assistance are available from SARS. Very
important: The company need to be compliant with SARS.
4. Payment holiday offered by banks
Standard Bank was first
to announce a 3 months payment holiday for compliant companies related to their
business loans and asset finance.
Subsequently Nedbank also offered a similar assistance.
I would suggest being in contact with your banker as soon as business, to discuss your options.
This should be the last resort, because of the cost that would still accumulate during the payment holiday.
5. Companies that may operate during this time:
Use this WhatsApp number
during this time:
060 012 3456
Website : sacoronavirus.co.za