For all updates in South Africa about the current Corona-virus/COVID-19 outbreak visit

sacoronavirus.co.za

Below the some of the different financial measures established is summarised to get a quick overview, for more information each has a link at end of summary that can be followed. Our main focus will be on those impacting payroll we do however still briefly look at some of the other measures available.

Disclaimer: The information provided by Payfocus on www.payfocus.co.za is for general informational purposes only and does not constitute legal or professional advice. We will have no liability for any losses or damages incurred as a result of use or reliance on any information provided on this site. Your use of the site and your reliance on any information on the site is solely at your own risk

COIDA

UIF & TERS

TAX RELIEF

OTHER

Were employee has contracted virus during working hours conducting duties of employment,

Temporary total disablement (TTD)

-Payment for temporary total disablement shall be made for confirmed COVID-19

Medical Aid

-In all accepted cases of COVID-19, medical aid shall be provided for a period of not more than 30 days from the date of diagnosis.

Death Benefits

-the cause of death has direct nexus to the reported COVID-19 Claim

Read More

If employment is affected and employee is unable to work for either part or full period of lockdown, or working hours have been shorten due to effect of lockdown on business operations.

Temporary Employee/Employer Relief Scheme (TERS)

Unemployment Benefits

-Company shut down and employees are temporarily laid off

Illness Benefit

<>-Employee has been quarantined for 14 days

Death Benefit

- Beneficiaries of the Covid-19 deceased

Unemployment Insurance Fund (UIF)

Unemployment Benefits

Short Time Benefits

Other Normal UIF Benefits

....Read More

Measures taken to assist businesses with financial strain and cashflow problems which might arise from lockdown effects.

Employment Tax Incentive programme

-Increase of 500 ETI claimable for 4 months

Deferral of PAYE for tax compliant small to medium sized businesses

-20% deferral of PAYE liability Increased to 35%

SDL Holiday

Deferral of Provisional Tax for tax compliant small to medium sized businesses

-1st provisional tax payment based on 15% estimated total tax liability, 2nd provisional tax payment based on 65 % of the estimated total tax liability;

..Read More

Government Funding

Debt Relief Finance Scheme

- For SMME's negatively by Coronavirus pandemic

Business Growth/Resilience Facility

- For SMME's geared to take advantage of supply opportunities

Donations in the form of financial support towards SMME's

- The Nicky and Jonathan Oppenheimer - R1 billion

- Johann Rupert and Remgro Limited - R1 billion

Donations towards specific items, needs and funds

- Motsepe foundation - R1 billion

- Naspers - R1.5 billion

- Mary Oppenheimer and daughter -1 billion

.....Read More

REFERENCES USED TO COMPLETE ALL COVID 19 PAGES

Download Document Disaster Management Act

Download Document FAQ Tax Relieve Measures

View Image Financial Measures from government

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https://www.gov.za/

https://www.businessinsider.co.za/all-the-help-south-african-banks-are-offering-consumers-during-covid-19-2020-4

https://ecasa.co.za/member-support/notice-on-compensation-for-occupationally-acquired-novel-corona-virus-disease-covid-19/

https://www.gov.za/Coronavirus/support-business

https://www.businessinsider.co.za/what-financial-help-can-i-get-coronavirus-2020-3

https://www.labourwise.co.za/downloads/topical-temporary-download

https://www.labourwise.co.za/labour-news-teazer/guide-to-uif-and-other-covid-19-options-updated-30-march-2020

https://www.fundinghub.co.za/covid19-resources

https://www.fin24.com/Economy/South-Africa/donations-loans-pledges-what-you-need-to-know-about-those-billions-aimed-at-fighting-covid-19-20200402-2

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