GUIDES

How to boost your firm's chance of getting money from SA's R200 billion Covid-19 loan scheme

Last month, a new scheme was launched which allows businesses with an annual turnover of up to R300 million to apply for special government-backed Covid-19 loans from South Africa's commercial banks.

UIF Covid-19 payout trouble: These are the most common problems holding back the cash

Common problems include that only some staff are getting payments, and that foreign workers are not being paid.

Help for taxpayers: Tax breaks, relaxed rules for companies, some individuals amid crisis

Treasury has announced new emergency measures to boost companies' cash-flow and prevent job losses.

Coronavirus survival guide for entrepreneurs: Get to rational quickly

Allon Raiz, CEO of business incubator Raizcorp, shares his views and insights on weathering the storm and even thriving after it.

How SA’s R200bn Covid-19 loan scheme will work

Banks are due to start rolling out commercial Covid-19 loans backed by the state in coming weeks, with up to R200 billion on offer.

New Covid-19 rules: What your workplace needs to look like

Businesses must comply with new regulations to protect their workers against the spread of the coronavirus.

MORE NEWS

UIF Covid-19 payouts have been extended into August

Government has extended the  Covid-19 Temporary Employer/Employee Relief Scheme (TERS) until the middle of August.

Inside the looming court case that could force insurers to pay Covid-19 claims

A precedent-setting court case is expected to commence in the Western Cape High Court on June 15.

Hairdressers, beauty services and tattoo parlours to remain shut under Level 3

Rules governing which businesses can open in May have been gazetted.

Barloworld to implement group-wide retrenchments as coronavirus 'severely affects' business

The logistics and fleet management company says it is considering 'significant staff complement reductions' at certain of its divisions.

Reserve Bank running out of space to keep lowering interest rates – Kganyago

The central bank has cut its repurchase rate by 275 basis points this year.

Hertz says local operations not affected by US business filing for bankruptcy protection

The car rental group's southern Africa office says it is independent of the US business.

PARTNER CONTENT | How to get your workplace ready to reopen – free from Covid-19!

As South Africa moves down the lockdown level ladder, more businesses will soon be able to open their doors again.

The rand is back at pre-lockdown, pre-junk levels - here's where it may be heading

The rand has rallied against the dollar to levels last seen before the Covid-19 crisis.

KFC outlets are at 20% capacity – here’s how other restaurants are faring

According to the Restaurant Association of SA, its members are doing 20% of their pre-lockdown trade doing delivery-only during Level 4. 

Flight Centre to shut 40% of its stores, kills its cruise brand

The company says it is dealing with “unimaginable circumstances” amid the coronavirus crisis.

Mboweni says state should support all businesses if viable, irrespective of race

Treasury, in its worst case scenario, has projected that up to 7 million South Africans may lose their jobs as a result of a plunge in economic activity.

Companies that didn't pay UIF can still claim corona money - but they must be registered

Workers who are put on unpaid leave, have been laid off temporarily or whose employers can’t afford to pay their full salaries during the crisis are entitled to a special payout from the UIF.

Lockdown | SA wine exports get green light again

The South African wine industry has yet again been granted permission to transport its wine to harbours for export, it was announced on Wednesday evening.

Yes to beekeepers, no to liquor and hairdressers: What we know about Level 4

The agriculture sector will largely reopen, with forestry and fishing allowed, as well as the harvesting of grain and oil seeds, and key imports and exports.

Takeways return Friday – but near-ruin eateries are rebelling against 30% Uber Eats fees

Some restaurants have cancelled their credit card machine and fixed-line rentals, and are carefully looking at the cost of delivery services.

SA companies can trade ‘recklessly’ during the Covid-19 disaster – and 60 days beyond

The Companies and Intellectual Property Commission (CIPC) has promised to not invoke some of its powers under the Companies Act during the Covid-19 disaster, and for two months afterwards.

Government will give spaza shops money – but they must register with SARS

Government's new support scheme for spaza shops will give them funding to buy stock and assure bulk-buying discounts at approved wholesalers.

Here's what SA businesses are doing to survive – from moving pay day to cutting hours

Companies are considering their options, which include temporary layoffs and cutting costs, including expense claims.

SA’s mall owners slash rent - but there is still no deal with big retailers

Smaller companies can get up to 100% off their rent in April.

How does World Bank and IMF assistance work – and will we need it?

While by no means a foregone conclusion, the likelihood that South Africa will need financial assistance from the International Monetary Fund (IMF) or the World Bank - or possibly both - has increased sharply.

Large SA companies are not paying full rent. What will happen to small businesses who refuse?

Smaller companies may be doing the same, and a lawyer expects that a huge number of demands for payment and summonses will be issued after the lockdown.

Covid-19 UIF pay: Firms are receiving millions, but some are unsure how much to pay each worker

The UIF has paid out more than R1.6 billion into employers' bank accounts.

Courts will demand that landlords, tenants showed ubuntu during lockdown, lawyer says

This means that landlords won’t be able to rely on current common law solely in court when trying to evict or recoup money from tenants.

Debt relief lifeline for taxi operators hit by lockdown

Taxi vehicle finance provider SA Taxi will be giving interim repayment assistance to taxi operators to help them honour their financial commitments during the 21-day lockdown aimed at stemming the spread of the coronavirus outbreak

Lockdown business: A popular swimwear maker switched to selling fresh food - within 48 hours

Local swimwear company Granadilla had no idea that it would be setting aside its range of quirky board shorts and bikinis.

Cigarette and booze makers are getting a R6 billion tax holiday to make up for lockdown

Makers of alcoholic drinks and tobacco products are getting a three-month payment holiday on sin taxes.

Construction wants to be declared essential – but is due to be among the last to be unlocked

The construction sector is lobbying for essential-service status, and says at least some in-progress building projects must immediately go ahead even before 1 May.

More than 220,000 South Africans may be missing out on nearly R1 billion in cash, the UIF says

More than 220,000 South African workers may be due a total not far from R1 billion.

Salons expect to be flooded when lockdown eases. Here’s how they plan to cope.

Salons will look a little different, thanks to preventative measures – and you may struggle to get a booking.

How you can help restaurants, bars and other small businesses during the lockdown

A number of platforms have been launched during the national Covid-19 lockdown to support small businesses such as restaurants and bars.

Do you have any questions about financial aid or assistance for your business during the Covid-19 crisis? Email us at team@businessinsider.co.za or editor@fin24.com and we will endeavour to find the answers for you.