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COVID-19 SMME RELIEF RESOURCE LIST
CATEGORY GOVERNMENT DEPARTMENT
AGENCY RELIEF DESCRIPTION WEBSITE APPLICATION PROCESS AND CRITERIA
Working Capital Support (R700 million from the Manufacturing Competitiveness Enhancement Programme — MCEP)
Department of Trade and Industry (DTI)
Department Small Business Development (DSDB)
R300 Million Business growth/Resilience Facility.
Businesses geared to take advantage of supply opportunities resulting from the Coronavirus pandemic or shortage of goods in the local market.
www.dsbd.gov.za https://smmesa.gov.za/
Small Enterprise Finance Agency (SEFA)
R200 million Debt Relief Finance Scheme.
Businesses which are negatively affected, directly or indirectly, due to the Coronavirus pandemic.
www.sefa.org.za https://smmesa.gov.za/
Small Enterprise Development Agency (SEDA)
SMME payroll Assistance. Targeted at employees of SMMEs (Employers) that will not be able to claim from the Unemployment Insurance Fund (UIF) — owing to employers not being registered with the Fund.
www.seda.org.za https://smmesa.gov.za/
National Empowerment Fund (NEF)
R200 Million Covid-19 Emergency Funding Intervention.
Funding of Black SMEs for up to R10 million per applicant with a 12-month repayment holiday.
www.nefcorp.co.za www.nefcorp.co.za
Tax Relief National Treasury South African Revenue Services (SARS)
Tax subsidy to employers. Access the BDO Tax Relief document for information. www.bdo.co.za Refer to Tax Relief document
Accelerated payment of incentives under ETI.
Delayed payment of portion of provisional tax and PAYE liability for employers.
Wage Relief Department of Employment and Labour
Unemployment Insurance Fund (UIF)
Temporary Employer/Employee Relief scheme (TERS) — National Disaster Benefit (Employer/employee cannot claim for both "National Disaster benefit" as well as any other UIF benefit simultaneously.
Temporary shutdown — if the employer temporarily shuts down the business then the UIF may pay out R3500 per employee per month for a maximum of three months.
www.labour.gov.za [email protected]
Reduced work time — UIF may pay out the difference between the wage the employer pays and what the UIF benefit payable, should the employee lose employment.
www.labour.gov.za [email protected]
Quarantine and illness — illness benefit paid out where employees are placed in isolation for for at least 14 days.
www.labour.gov.za [email protected]
Death benefit — Spouse,Life partner, Children and nominated persons may apply for benefits where a contributor to the fund passes on.
www.labour.gov.za [email protected]
Funding Department of Tourism
COVID-19 Interventions for the tourism sector.
R200 million made available to assist SMMEs (Annual turn-over must not exceed R2.5 million) in the hospitality and tourism sector who are under particular stress due to the new travel restrictions. 70% of the relief will be to Black owned Businesses with a bias towards rural areas.
www.tourism.gov.za TBA
Private Funded Relief
South African Future Trust
R1 Billion in loan funding. SMME employers with annual turnover below R25 Million can apply for interest free funding repayable over 5 years. The funds borrowed will be paid directly to employees who are at risk due to COVID-19.
www.opp-gen.com/saft/
www.opp-gen.com/saft/
PLEASE NOTE: FOR HELP, CONTACT:
This content was sourced by BDO’s Business Services and Advisory Division on 2 April 2020.
Antonie van der [email protected]
Lee-Ann [email protected]
1. Business partners – The Ruperts have made R1 Bn available to be managed by Business Partners. There is no information as yet how this is going to be applied.
2. Naspers – have committed R1.5 Bn to sourcing medical supplies, etc. There is no information as to how this is to be applied.
