President Cyril Ramaphosa introduced a R500bn stimulus package to try to dampen the effect of Covid-19, and while it has its flaws, it has made a difference. The R40bn temporary employer relief scheme fund has already been spent, but hopefully will be to be topped up, to pay the wages of workers who would otherwise have been laid off. Illustration: KAREN MOOLMAN
There was R200bn for a bank loan guarantee scheme, which has been slow to crank up, but which does offer some hope to struggling businesses. inister, Ebrahim Patel, was involved in detailed work on the lockdown, gaining most attention for his fine-tuning of the regulations on which items of clothing could and couldn’t be sold.
The department has multibillion-rand industrial incentive programmes, and yet we have heard nothing about ways in which these are being targeted and expanded to support industry through these scary times. The agility and responsiveness of the department of employment & labour during the implementation of the mammoth Ters scheme was quite impressive, despite severe teething problems. Industry appreciates the accessibility of this department, its willingness to engage and to find solutions together with business.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JONATHAN COOK: There is a role for small-scale business financingJONATHAN COOK: There is a role for small-scale business financing 🔒
La source: BDliveSA - 🏆 12. / 63 Lire la suite »