The government has a draft “risk-adjusted strategy for economic activity” that will determine what life will look like after the hard lockdown. 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 workers…
A number entities offer relief funding to businesses during the COVID-19 pandemic. Here is a document which summarises a number of these packages for various industries.
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, are…
By Lisa Schmidt- Associate and Marc Gevers – Candidate Attorney This article was originally published on the Schindlers website on 15th April 2020: https://www.schindlers.co.za/2020/credit-insurance-and-covid-19/ INTRODUCTION COVID-19’s economic effect has left many consumers and businesses in dire need for what is termed a “payment holiday” in respect of their current credit owed to banks, landlords, suppliers…
By Chantelle Gladwin-Wood (Partner), Lauren Squier (Associate), MarcGevers (Candidate Attorney) and Jarrod van der Heever (CandidateAttorney) This article was originally published on the Schindlers website on 15th April 2020: https://www.schindlers.co.za/2020/working-from-home-in-sectional-title-schemes/ Introduction COVID-19 has irrevocably changed and challenged the way that we do business in South Africa and the rest of the world. Businesses have been forced…
Read or download the full statement below.If you don’t see the document, please try refreshing the page [F5].
Please note the attached COVID19 EIG Summary for your information and reference. Read or download the summary below.If you don’t see the document, please try reloading the page [F5]
President Cyril Ramaphosa will address the nation this evening – Tuesday, 21 April 2020 – on additional economic and social relief measures that form part of the national response to the COVID-19 pandemic. The President’s address flows from recent deliberations at Cabinet, the National Coronavirus Command Council, the President’s Coordinating Council, and the National Economic…
Originally posted on the Business For SA website: https://www.businessforsa.org/important-call-to-all-businesses/ To find out about temporary relief for employers and employees through the UIF, go to https://www.businessforsa.org/c-19-ters-benefit-what-you-need-to-know/ GUIDELINES FOR PARTICIPATION IN THE SPAZA SHOPS AND GENERAL DEALERS SUPPORT SCHEME The Department of Small Business Development has announced GUIDELINES FOR PARTICIPATION IN THE SPAZA SHOPS AND GENERAL DEALERS SUPPORT…
The Department of Small Business Development announces guidelines for participation in the SPAZA shops and general dealers support scheme in partnership with NEDBANK which opened on Saturday, 18 April 2020.
Contributors: Marius van Rensburg – Partner This article was originally published on the Schindlers website on 6th April 2020: https://www.schindlers.co.za/2020/the-impact-of-unforeseen-events-on-contractual-implications-force-majeure-impossibility-of-performance/ INTRODUCTION The purpose of this article is to explore the impact of COVID-19 and the resultant lockdown on contractual implications in South Africa. There are two primary issues to be considered in this regard:…
This article was originally published on the Schindlers website on 1st April 2020: https://www.schindlers.co.za/2020/covid-19-block-exemption-for-the-retail-property-sector/ Introduction This article explores the legal implications of a recent notice gazetted by government on the 24th of March 2020. The notice comes in light of the recent developments unfolding in South Africa emanating from the COVID-19 outbreak, which has now…
As at 17h30 on 16th April 2020, the Essential Service Certificates have been updated. Download your updated certificate on the website or wait for an email from BizPortal.co.za
This article was originally published on the Schindlers website on 5th April 2020: https://www.schindlers.co.za/2020/covid-19-temporary-impossibility-of-performance-and-the-reciprocal-obligation-for-payment/ The Effect of the Moratorium In terms of section 133 of the Companies Act, 71 of 2008 (hereinafter “the Act”), a general moratorium/suspension is placed on any legal proceedings/enforcement action against the company or in relation to property owned or lawfully…
The Department of Cooperative Governance and Traditional Affairs has released the attached amendments to the Lockdown Regulations. If you do not see the document below, please try reloading the page.
Written by Wade Jacobs – Candidate AttorneyContributors: Charlotte Clarke – Senior Associate and Wesley Pons – Associate This article was originally published on the Schindlers website on 14th April 2020: https://www.schindlers.co.za/2020/covid-19-temporary-impossibility-of-performance-and-the-reciprocal-obligation-for-payment/ INTRODUCTION COVID-19 has resulted in a national lockdown, having consequences on the performance of contractual obligations, where parties to reciprocal agreements are unable to…
![[Free Webinar] Power Amidst An Outbreak: The Importance Of Energy Access During The COVID-19 Pandemic](https://rcci.co.za/wp-content/uploads/2020/04/PE-World-1-768x420.png)
Virtual seats on our webinars have been filling up fast. Join us as we bring together African utilities, IPPs, government, large end users and more, to share and learn during our weekly webinars. Our webinars are free-to-attend and will take the form of live discussions from leading industry experts. With only 500 places available for…
Statement on the Special Cabinet Meeting of Wednesday, 15 April 2020 A virtual Special Cabinet Meeting was held today, 15 April 2020, to discuss the socio-economic recovery plan post the COVID-19 National Lockdown. This follows the announcement made by President Cyril Ramaphosa two weeks ago, that the Cabinet would have a full discussion to come…
By Anja van Wijk, Senior Associate and Nicole Rens, Candidate Attorney This article was originally published on the Schindlers website on 28th March 2020: https://www.schindlers.co.za/2020/the-effect-of-covid-19-on-rental-payments-and-evictions/ Introduction As the whole country self-isolates in the safety of their homes, landlords and tenants fear the economic backlash of the COVID-19 novel virus. Commercial tenants are advised by the…
COVID-19 lockdown: 525 000 SMMEs and 6.6 million jobs at risk The CEO Initiative, which was established in 2016 as a collaboration between government and business to address some of the most pressing challenges to the country’s economic growth, is supporting the call of Business for SA (BSA) for all large companies to pay their…
As Organised Business, under the banner of Business For South Africa, we have set up a WhatsApp based central information portal of all the relief measures available to SMEs, in response to the Covid 19 pandemic. This platform will be updated daily with new measures to ensure that all SMEs receive the measures applicable to…
Qualifying criteria: 1. Currently unemployed 2. Combined household income may not exceed R3600 per month (including disability grant, pensioner’s grant, child welfare grant & military veterans grant). Existing beneficiaries of care packs that are handed out by the Gauteng Provincial Government may also apply during the lockdown period. Please submit your name and contact details…
MEDIA RELEASE 13 April 2020 CALL-OUT TO LOCAL SMMES AND COOPERATIVES IN THE CLOTHING, TEXTILE, FASHION DESIGN AND TAILOR MAKING BUSINESS TO PARTICIPATE AS SUPPLIERS OF CLOTH FACE MASKS FOR THE GENERAL PUBLIC AND ESSENTIAL SERVICE PROVIDERS DURING THE COVID-19 PANDEMIC. The Department of Small Business Development (DSBD) calls-out to SMMES and Cooperatives in the…
Read the full address below. If you don’t see the document, please try reloading the page [F5].
An industry-wide assistance and relief package for retail tenants that are hardest hit by the 21-day lockdown currently in effect in South Africa has been launched by the newly formed Property Industry Group. The initiative, which focuses principally on supporting affected SMMEs, will also provide relief and assistance to all other retail tenants and will…