Articles

Nedbank Covid-19 Loan Scheme for Small and Medium Enterprises

The Covid-19 Loan Scheme for Small and Medium Enterprises was announced by the President on 21 April 2020. We will be ready to receive applications fromย  Tuesday, 28 April. For details of the scheme,ย  qualifying criteria and documents required,ย  please visitย https://www.nedbank.co.za/content/nedbank/desktop/gt/en/business/covid-19-relief1/COVID19LoanScheme.html. To apply, please contact your Business Manager. Only complete applications will be considered.
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Statement By President Cyril Ramaphosa On South Africaโ€™s Response To The Coronavirus Pandemic

Union Buildings, Tshwane My Fellow South Africans, It has been exactly seven weeks since the first case of the coronavirus was confirmed in our country. Since then, all our lives have changed in fundamental ways. As a nation we have been forced to take aggressive action against an invisible enemy that threatened our lives andโ€ฆ
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Hereโ€™s when takeaways and domestic work might be legal again under a draft govt plan

The government has a draft โ€œrisk-adjusted strategy for economic activityโ€ that will determine what life will look like after the hard lockdown.ย  It proposes five levels of restrictions, with the spread of the coronavirus and the readiness of the health system determining which is in force. Takeaway food returns under Level 3, and domestic workersโ€ฆ
Read More Hereโ€™s when takeaways and domestic work might be legal again under a draft govt plan

Business For South Africa Expresses Support For Fiscal Stimulus Measures

22 April 2020 Business for South Africa (B4SA) โ€“ the alliance of volunteer resources from across South African business bodies and organisations, member companies large and small, including professional services firms โ€“ expresses its full support for President Cyril Ramaphosaโ€™s historic and significant R500 billion fiscal stimulus package, which is equivalent to some 10% ofโ€ฆ
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The South African economy needs more tax interventions to mitigate the economic effects of COVID-19 in South Africa.

This article was originally published on the Business For South Africa website: https://www.businessforsa.org/the-south-african-economy-needs-more-tax-interventions-to-mitigate-the-economic-effects-of-covid-19-in-south-africa/ April 21, 2020 by Banele Mngaza Kyle Mandy argues Even before COVID-19, South Africa was under severe fiscal pressure. It is now accepted that the economic fallout resulting from the outbreak will inflict long-lasting damage to the local economy. Small businesses, in particular, areโ€ฆ
Read More The South African economy needs more tax interventions to mitigate the economic effects of COVID-19 in South Africa.