Your true business partner
Careful financial planning is going to be critical this year. Budgets, cash flows and up to date management accounts will be very important over the next couple of months.
It will only be to your benefit to be proactive. Here are some suggestions:
The Minister of Labour has issued a Directive called the COVID-19 Temporary Employee / Employer Relief Scheme (C19 TERS).
A breakdown of funding available to South Africa due to the COVID-19 outbreak
The UIF Department will compensate workers affected by the COVID-19 lockdown through its current Illness and Reduced Work Time Benefit.
Companies across the country are facing some tough decisions in the coming weeks. Unfortunately, the Labour Relations Act and Basic Conditions of Employment Act do not make any specific provisions for the current issues facing us.
President Ramaphosa has declared a nation-wide lockdown for 21 days. This will come into effect from midnight on Thursday 26th March 2020 and last until Midnight on the 16th of April 2020.
No massive changes in the coming tax year
We are not financial advisers nor do we offer investment advice.