Employers may choose to shut down operations during the lockdown or (if possible) implement reduced working hours. In the first instance, the employee will receive no income and in the second instance, the employee will receive part of his/her monthly income.  The UIF can be…

This is a separate benefit scheme (separate from normal UIF benefits with its own set of forms and requirements) which cannot be claimed at the same time as the UIF ‘reduced working time’ benefit. It applies where the company has closed its operations as a…

Effective date (period for which this relief is available) – 1 April 2020 to 31 July 2020.  Applies to small or medium sized businesses Where a small or medium sized businesses is defined as any company conducting a trade with an annual turnover not exceeding…

Effective date (period for which this relief is available) – 1 April 2020 to 31 July 2020.  Compliance – tax returns may not be in arrears and there must be no outstanding debt with SARS (unless there is some arrangement with SARS or the debt…

Treasury is expanding the ETI program for a limited period of 4 months in order to minimise the loss of jobs as a consequence of the 21 day lockdown period which commenced on 27 March 2020.  Effective date (period for which this relief is available)…

Please note that the following is changing rapidly and the following is valid at 2 April 2020. The information below was sourced from SA Accounting Academy “The measures offered by SA’s commercial banks fall short of those offered by banks elsewhere in the world (for…