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    Covid 19 Funds for SMME’s in South Africa

    In case you missed it: here are all the funds available for SMME’s during this period.

     

    1. Tax Relief from SARS https://www.sars.gov.za/Media/Pages/CoronaVirus.aspx

    2. Reduced interest rate https://www.moneyweb.co.za/news/south-africa/live-repo-rate-decision/

    3. UIF Covid-19 Temporary Employee/Employer Relief Scheme (TERS).
    a. Employers can apply by reporting their closure by emailing covid19ters@labour.gov.za and there shall be an automatic  response outlining the application process.
    b. Employers will be required to furnish the Unemployment Insurance Fund with the following completed documents:
    i. Letter of authority from the company;
    ii. Signed Memorandum of Agreement (MOA) from the employer or Bargaining Council with the UIF.

    4. BUSINESS GROWTH/ RESILIENCE FACILITY https://www.gov.za/sites/default/files/gcis_documents/Guidelines%20for%20Business%20Growth%20Resilience%20Facility%20Application%20%2028%20March.._.pdf

    5. SMME Debt Relief finance scheme http://www.dsbd.gov.za/?p=3396

    6. SEFA debt restructuring facility http://www.sefa.org.za/

    7. IDC http://www.thedti.gov.za/editmedia.jsp?id=7185

    8. Department of Tourism relief fund https://www.tourism.gov.za/CurrentProjects/Tourism_Relief_Fund_for_SMMEs/Pages/Tourism_Relief_Fund_for_SMMEs.aspx

    9. Solidarity Fund https://www.solidarityfund.co.za/

     

    All the best and stay safe
    Jaco

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