Amendments to the list of eligible collateral pledged at the South African Reserve Bank for refinancing operations
Media statement 8 May 2020 Amendments to the list of eligible collateral pledged at the South African Reserve Bank for refinancing operations The South African Reserve Bank (SARB) conducts repurchase (repo) operations on a weekly and daily basis with clearing banks, wherein participants receive cash to the value of an accepted bid in a repo…
Business For South Africa Update – 8th May 2020
BUSINESS FOR SOUTH AFRICA PARTNERS WITH SADAG, PsySSA TO PROVIDE MENTAL HEALTH SUPPORT AND GUIDELINES Business for South Africa (B4SA) recognises that business leaders and their employees are facing significant challenges, not only in terms of the economic impact of COVID-19, but also the feelings of anxiety, worry and distress many people are experiencing in…
Customs Deferment Payment Relief
Please see attached the letter regarding the Customs Deferment Payment Relief. The letter, and more Customs and Excise information, can also be found on the Customs and Excise Website Please feel free to contact us should you require any further information and assistance. Rochnee Rivera GreenPrivate Sector Stakeholder Management (PSSM)South African Revenue ServiceTel 012 422 7390Cell: 061 079 5712E-mail RRiveraGreen[AT]sars.gov.zaLandbank…
Safe Return to work: Health Planning Tools for Businesses
The Disaster Management Regulations allow for the operation of essential services. On 23 April 2020, the President further announced the gradual and phased approach to other business operations which will differ having regard to the applicable level of lockdown as declared by Government from time to time (Levels 1 to 5). Every employer will, during each…
Updated COVID-19 Regulations
Please find below three updates with regards to regulations, namely: Directions to address, prevent and combat the spread of COVID – 19 issued out by the Department of Transport in terms of regulation 4(7) of the Regulations issued in terms of the Disaster Management Act. 2002 (Act No. 57 of 2002). These directions were issued…
Business For South Africa Member Update – 5th May 2020
THE OBLIGATIONS ON BUSINESSES OPERATING DURING COVID-19 ALERT LEVEL 4 Regulation 16(6)(b) of the Regulations in terms of the Disaster Management Act issued on 29 April 2020 places four obligations on each business, industry and entity in both the public and private sector which are permitted to operate during Alert Level 4: 1. Covid-19 compliance officer…
COVID-19 and Directors: Your Duties and Liabilities in the Coronavirus Crisis
This is an excerpt from an article published in the SP3 Financial Services May 2020 newsletter. You can read the full article here. There are significant obligations placed on directors by the Companies Act and personal and criminal liabilities if they fail to meet these obligations. As a director you will no doubt be focusing…
Business For South Africa Update – 4th May 2020
Please Heed Mandatory Health Regulations For Level Four Business for South Africa (B4SA) is urging employers to be meticulous in their implementation of the Level 4 restrictions that came to effect on 1 May 2020, as South Africa enters a new phase of its response to COVID-19 in terms of further regulations promulgated under the Disaster Management…
Message From The President
Dear Fellow South African, The entire world is in the unrelenting grip of the coronavirus pandemic, whose spread has been rapid. A vaccine has yet to be found. Across the world, over 3.4 million people are known to be infected and more than 240,000 have died. These are indeed desperate times. When the national state…
Small Business Support Programs: Response To Covid-19
To share the interventions that have been introduced as part of the relief measures. To share practical plans that are aimed at supporting SMMEs to recovery post the “hard lockdown”. To also present a plan on the differentiated interventions aimed at supporting various categories of informal businesses. If you don’t see the document below, please…
Tourism Relief Fund – NEDLAC 1st May 2020
The Tourism Relief Fund provides a once-off intervention to mitigate the impact of Covid-19 on SMME’s in the tourism sector. If you don’t see the document below, please try reloading the page [F5]
Corona Forces Updates Of Your Workplace Rules And Employment Conditions
BY Ivan Israelstam, Chief Executive of Labour Law Management Consulting. He may be contacted on (011) 888-7944 or 0828522973 or on e-mail address: [email protected]. Go to: www.labourlawadvice.co.za. Since 1995 the Labour Relations Act (LRA) and Basic Conditions of Employment Act have been replaced with entirely new versions. However, as large as this body of legislation…