The COVID-19 Pandemic and consequent lockdown measures have resulted in many companies facing unprecedented times and experiencing many financial and other challenges, due to them being either: Unable to operate their business, as a result of the restrictions imposed during the lockdown, and subsequently unable to generate an income or provide work to their staff (cannot pay their salaries); orAble to operate their business, but at a severely reduced scale, and subsequently cannot provide...

The current level four of lockdown has led to businesses being flooded with information regarding the newly implemented regulations. During this downpour of information, businesses are trying to keep head above water, between the news, social media and fake news. This article will provide a compact guide to level four of lockdown and the impact it will have on businesses. It is, however, no easy feat to try and summarize government regulations when the goalposts are being moved on an almost...

South Africa and the world at large are currently going through a devastating economic downturn as a result of COVID-19. Employers and employees alike are living through an incredibly uncertain time with the nationwide lockdown. Whilst many efforts have been implemented by the Government to lessen the dire economic impact of the lockdown, money from the relief scheme is not always immediately available. For the businesses that have been unable to work during the lockdown, it is important to...

Due to the downward scaling of the alert level from 5 to 4, Dr Nkosazana Diamini Zuma, Minister of Cooperative Governance and Traditional Affairs, designated under section 3 of the Disaster Management Act, 2002 (Act No. 57 of 2002), issued amended and published regulations in accordance with level 4 in Government Gazette No. 43258 on 29 April 2020. Co-operative Governance and Traditional Affairs, Department of/ Samewerkede These regulations now allow a wider variety of businesses to resume...

On 21 April 2020 President Cyril Ramaphosa outlined an unprecedented R500 Billion social relief and economic support package in response to the devastating effects of the COVID-19 pandemic. This includes R40 Billion set aside for lost wages, of which R1.6 Billion had already been paid out. Various Tax incentives and an R200 Billion loan guarantee scheme to assist an expected 700 000 struggling businesses have been introduced to assist enterprises with operational costs, salaries, rent and...