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


