Small Business Development explains relief for SMMEs hit by Covid-19 fallout
Small businesses struggling in the wake of Covid-19 can apply for government assistance as of 24 March.
Refilwe Moloto finds out the details from Chief of Staff at the Ministry of Small Business Development Sarah Mokwebo.
She says on Thursday last week, the minister released a statement explaining what the government has planned for SMMEs due to the Covid-19 pandemic.
There are two forms of government intervention she explains.
One is the Debt Relief Fund and the second is the Reliance or Business Growth Fund.
The Debt Relief Fund will provide relief for all SMMEs whether funded by the State or not, she says.
All SMMEs will be given a payment holiday and have their loans restructured...but need to show a link between Covid-19 and loss of income.Sarah Mokwebo, Chief of Staff - Ministry of Small Business Development
How much will be paid out?
At this stage, I cannot confirm or give a firm amount as there are still engagements in place with the minister and president and business representatives.Sarah Mokwebo, Chief of Staff - Ministry of Small Business Development
She says they are coming up with amounts for various sized categories and maximum amounts for each SMME.
It will go on a case-by-case basis and prioritise those who need it more.Sarah Mokwebo, Chief of Staff - Ministry of Small Business Development
She says they are also looking at industries such as tourism which is going to be hardest hit.
Listen to the interview below:
Health Minister Zweli Mkhize says on Sunday that two more people have died, one of them in the Western Cape.Read More
"The data will be de-identified after Covid-19," says Ahmore Burger-Smidt (Werksmans Attorneys). "Until then, is it secure?"Read More
Refilwe Moloto says after a strong start, government is whittling away at the regulations.Read More
Should South Africa relax rules against aerial spraying of chemicals in the same way the Chinese have?Read More
The BBC on Friday heaped praise on South Africa’s “ruthlessly efficient” Covid-19 response and President Ramaphosa's leadership.Read More
Get the whole family together check out this amazing game drive on WildEarth.Read More
"My orders to the police and military... shoot them dead. Is that understood? Dead. Instead of causing trouble, I will bury you."Read More
The police's head of lockdown enforcement Major-General Andre Lincoln says officers will act against those who sell or buy cigarettes.Read More
Czech Republic virologist Dr Emil Pavlik says wearing masks have kept Covid-19 infection rates and deaths low in the country.Read More
Africa’s most developed economy is heading for a very cold economic winter, says Absa Senior Economist Peter Worthington.Read More