FYI Blog

Business Rescue information page  

In the current difficult business climate, many businesses will face cash flow difficulties brought about by the COVID 19 crisis. You may look to utilise some of the financing options that Government has facilitated to see you through these difficult times, We have...

MD's email sent out for this post | https://bit.ly/2z9qb2M Despite the fund closing applications on 6 April 2020 (3 days after it opened), prospective applicants were asked to register on a waiting list whilst they work through the applications received. Good news!!...

You have heard about Business Rescue, but do you know how it might help you (or a friend, or a customer, or a supplier)? A national state of disaster was declared on 15 March 2020 and was followed by a nationwide lockdown for a period of 21 days on 27 March 2020. This...

Click on the image below for our Basic Timeline and Procedure in a Business Rescue Matter document for your easy referral:  

With thanks and acknowledgement to Webber Wentzel | https://bit.ly/3cAt6jE "Following the President's speech last night, it seems that we will remain in Level 4 lockdown mode for the next couple of weeks – and in some high infection rate areas, Level 4 may still...

MD's email sent out for this post | https://bit.ly/3fG1UlC We have seen many changes with the COVID-19 Temporary Employee Relief Scheme (TERS) applications and processes over the last 5 weeks, but we have still had success with most of our applications. The May...

MD's email sent out for this post | https://bit.ly/3cMQgmK On 21 April 2020, further tax and relief measures were announced by the President to help South Africans. We are here to assist you to navigate this challenging period in your business. Here is what you need...

MD's email sent out for this post | https://bit.ly/2S72jDs On Tuesday night President Cyril Ramaphosa told South Africa that the government "will not spare any effort, or any expense, in our determination to support our people and protect them from harm". The economic...

Wider relief for companies struggling to pay workers Those whose operations have partially closed now qualify, as do businesses that are still paying their employees. The amended measures under the Temporary Employer-Employee Relief Scheme (Ters) have been ‘relaxed’...

On 16 April 2020, the Minister of Cooperative Governance and Traditional Affairs issued a notice which amended several material aspects of the lockdown regulations issued in terms of section 27(2) of the Disaster Management Act, 2002....

MD's email sent out for this post | https://bit.ly/2xz4Y1K Department of Labour has now created an online portal with effect from 16/04/2020 to submit all new TERS applications https://uifecc.labour.gov.za/covid19/loginJsp All documents required before would need to...

Click here for the full COVID-19 infographic!   Covid Funding Resources for SA Businesses 7-4-2020.pdf

"New rules around financial relief for employees in South Africa – here’s everything you need to know One of the key measures that government is using to financially support employers and employees during the coronavirus lockdown is the Temporary Employee/Employer...

"On 8 April 2020, the Minister of Employment and Labour issued a notice amending a few significant aspects of the coronavirus (COVID-19) Temporary Relief Scheme (“C19 TERS”) Directive of 25 March 2020 (the “Amendment”). The C19 TERS was established to compensate...

MD's email sent out for this post | https://bit.ly/2JTqPmN We draw your attention to the retail tenant assistance relief packages announced by the Property Industry Group for retail tenants that are hardest hit by complying with South Africa’s lockdown in the face of...

Businesses urged to apply to tourism relief fund The Department of Tourism has encouraged eligible businesses to apply for the COVID-19 Tourism Relief Fund. The R200 million Tourism Relief Fund has been established as an intervention to mitigate against the impact of...