DISASTER RELIEF FUNDING
Atlegang Business Consulting is here to help you apply for disaster relief funding. Our firm is ready to assist with all the following applications. Give us a call today or send us an enquiry so we can give you a quote. There are a range of support measures available that our firm can help you get access to:
1. DEPARTMENT OF SMALL BUSINESS DEVELOPMENT
Funding through the Department of Small Business Development which can be accessed at http://www.smmesa.gov.za. To qualify, businesses must meet the SMME criteria as shown below. SMMEs are able to apply for financial or non-financial assistance in order to meet employee, supplier and overhead obligations.
The qualifying criteria:
• Turnover below R50 million for the previous financial year.
Information supplied by the government indicates that funding of up to R500,000 is available and applications are likely to take up to 14 days. Successful applications will be audited in the future and will have to have supporting documentation and invoices to show how the money was expended. Anyone failing the audit will have to repay the money at prime plus 10%.
2. SMALL ENTERPRISE FUNDING AGENCY (SEFA)
The requirements to access SEFA funding are the same as for SMME SA Funding, but is restricted to the following sectors:
• Retail, wholesale and tourism industry
• Production industry
• Agriculture industry
• Construction industry
• Mining industry
The Industrial Development Corporation will disburse and manage this fund. Please note that as with SMME funding, an audit will be carried out in future and those failing the audit will be required to repay the money at penalty interest rates. More information can be accessed at: http://www.sefa.org.za
3. UIF: ACCESSING UIF BENEFITS FOR EMPLOYEES
The Unemployment Insurance Fund (UIF) is to be utilised to make funds available to:
Application forms can be downloaded from the Department of Employment and Labour website: https://www.labour.gov.za.
4. THE TERS PROGRAMME (DEPARTMENT OF LABOUR)
If the CCMA finds that you do not fully follow the sustainability programme, penalties and repayment will be levied at punitive interest rates.
5. SOLIDARITY FUND
This is a special fund created by the government and funded by both the private and public sectors (the Rupert and Oppenheimer families have agreed to contribute R1 billion each). Details of the fund are available at https://www.solidarityfund.co.za.
It is not yet known how to apply for funding from this source. It is advised that you check daily at the above web address for more details.
6. COMPENSATION COMMISSIONER
Any employee contracting the Covid-19 virus while employed by you (and not while at home) can apply for compensation under the Compensation Act. Please note that these applications must be made in person by the employee to the Compensation Commissioner's offices. More information can be accessed here: https://www.gov.za/services/compensation-fund/register-compensation-fund
As your accountant, we can help with the administration behind these applications. We can assist you in accessing these funds. This is an add-on service to the usual accounting services we provide.
Access to SMME SA Funding, Solidarity Fund or the SEFA Fund will require up-to-date:
7. REGISTER AS A COMPANY THAT PROVIDES ESSENTIAL SERVICES
The regulations issued by the Minister for Cooperative Governance and Traditional Affairs provide for a form or certificate to be issued by companies who provide essential services to their workers, to be carried when travelling to and from work. We can assist your company to obtain this certificate.
8. TOURISM RELIEF FUND
Tourism relief: The Department of Tourism has announced a R200 million package of measures to assist SMMEs in the sector affected by Covid-19. Minister of Tourism Mmamoloko Kubayi-Ngubane, outlined the qualifying criteria for assistance. In general, they must have annual turnover less than R2.5 million, and most funding will be directed to rural and black-owned businesses. Businesses that can apply for assistance include:
Accommodation: Hotels; Resort properties and Bed and Breakfast (B&B’s)
Hospitality and Related Services: Restaurants (not attached to hotels); Conference (not attached to hotels), Professional catering; Attractions
Travel and Related Services: Tour operators; Travel agents; Tourist guides; Car rental companies; and Coach Operators.
There will also be an equitable balance between businesses that are in the tourism incentive programme of the Department of Tourism and businesses that are not benefiting from such programmes through a transparent application process, and the criteria outlined above. More information can be obtained at http://www.tourism.gov.za.
Fill Up the Enquiry Form for more details
DISASTER RELIEF FUNDERS