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This article explains what notarial bonds are, and how they operate in the South African context to secure loans. With the economy worsening, the number of defaults are up. Creditors need to take whatever security they can to secure themselves. Notarial bonds can be very useful in this regard. Read or download the full article…
Summary of the speech made by President Cyril Ramaphosa on Sunday 25 July 2021SA moves to LOCKDOWN LEVEL 3, with immediate effect. Curfew: 22:00 to 04:00 Social relief grant will be reinstated from August 2021 untill March 2022 – “the R350 is back”- watch out for the registration information. Gatherings: limited to 50 indoors and…
Stakeholder Update Seda gears up to respond to COVID-19 As Government’s primary agency for small business support, Seda is mobilising all its resources and working with key stakeholders at national, provincial and local level to facilitate access to Government and private sector programmes, initiatives and financial relief. During this time, Seda will prioritise assistance to…
PRESS STATEMENT OUTCOME OF NEDLAC SPECIAL EXCO ON THE COVID-19 EPIDEMIC We are committed together to save lives and save the economy was the message from a special Executive Council meeting of National Economic Development and Labour Council (Nedlac) convened to discuss a common programme to slow down the spread of the Covid-19 virus. Over…
COVID-19 SMME INTERVENTION MEASURES SMME RELIEF FINANCE SCHEME This facility is a Soft Loan Facility, aimed at assisting existing businesses in order to keep them afloat during the COVID-19 pandemic for a period of 6 months, from April 2020. BUSINESS GROWTH AND RESILIENCE FACILITY This facility will fund SMMEs who Produce or Supply health care…
The SA Reserve Bank’s monetary policy committee cut the repo rate by 100 basis points, or one percentage point, from 6.25% to 5.25% on Thursday. Most economists were expecting a cut of 50 basis points. The Reserve Bank is under pressure to help arrest the economy’s downward spiral. South Africa is already in recession, and…