Posts from Strategic Business Support

COVID-19: Temporary Employer-Employee relief Scheme (TERS) – A Limited Extension

By Peter Cottrell CA(SA) We hope that you are keeping safe and well.  As the move to lockdown level 2 brings further easing of restrictions, we are acutely aware of the challenges that are encountered at each level of society.  There is still a long road ahead, but we are hugely encouraged by the resilience we haveContinue reading “COVID-19: Temporary Employer-Employee relief Scheme (TERS) – A Limited Extension”

COVID-19: Sundry Tax Developments

By Peter Cottrell CA(SA) This communication will outline recent developments in the Covid-19 tax relief measures and will provide a further update on the South African Revenue Service (SARS) auto assessment system, while noting a caution regarding the abuse of electronic communication by scammers. Recent Developments On 31 July 2020 National Treasury announced an extensionContinue reading “COVID-19: Sundry Tax Developments”

COVID-19: Update of Guaranteed Loan Scheme

By Peter Cottrell CA(SA) In April 2020 a Guaranteed Loan Scheme was announced, representing a partnership between major banks, National Treasury and the South African Reserve Bank.  The scheme was intended to address economic impacts of the Covid-19 pandemic, particularly to provide liquidity to businesses that are in distress.  Concerns have been expressed over accessibility to theContinue reading “COVID-19: Update of Guaranteed Loan Scheme”

Reflection: Surviving the Storm – Lessons from a Disaster at Sea

By Peter Cottrell CA(SA) This reflection is part of our series on Leadership Response in a Time of Crisis, focussing on Surviving the Storm.  We draw on lessons learnt from a disaster at sea, the 1991 sinking of the Oceanos off the Wild Coast of South Africa.  A moment of extreme crisis at sea brings into sharp focusContinue reading “Reflection: Surviving the Storm – Lessons from a Disaster at Sea”

COVID-19: Lockdown Regulations Level 3

By Peter Cottrell CA(SA) The following provides high level guidance on the regulations and guidelines applicable to the Level 3 Lockdown Regulations.    The Level 3 regulations are fairly broad in their application and, although there are some anomalies, in the main businesses should have a fairly clear understanding of what activities are permitted.  It is expectedContinue reading “COVID-19: Lockdown Regulations Level 3”

COVID-19: Strategic Business Support Response to Lockdown Regulations Level 3

Dear clients, colleagues and service providers The week ahead brings a sense of anticipation as many more businesses are able to recommence operations.  While this wider resumption of economic activity is to be welcomed, it is clear that this will be far from a return to “normal”, with strict hygiene and social distancing protocols being necessaryContinue reading “COVID-19: Strategic Business Support Response to Lockdown Regulations Level 3”

COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – May 2020 Update

By Peter Cottrell Chartered Accountant (SA) The application process for May 2020 TERS benefits opened on Thursday 28 May 2020.  Since April there have been changes to the regulations and to the application process.  The overpayment issue  identified in the April 2020 calculations has also been addressed.  Illustrating the importance of the TERS relief measure, the UIF is stated to haveContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – May 2020 Update”

COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Further Feedback on Benefit Calculations and Implementation Issues

By Peter Cottrell CA(SA) Since our update on 24 April, much progress has been made with the TERS benefit UIF calculations and by now most employers will have received a second round of payments from UIF.  The purpose of this communication is to provide an update on the current status benefit calculations and implementation issues. Benefit CalculationsContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Further Feedback on Benefit Calculations and Implementation Issues”

COVID-19: NEWSFLASH – Lockdown Level 4 Essential Services –CIPC Bizportal Certificates

In yesterday’s update on Lockdown Restrictions Level 4 we included commentary to the effect that the previous regulations had been repealed in their entirety and that nothing had been included in the new regulations with regard to CIPC Bizportal Certificates.  We advise that in practice, the functionality for updated certificates is available on the Bizportal EssentialContinue reading “COVID-19: NEWSFLASH – Lockdown Level 4 Essential Services –CIPC Bizportal Certificates”

COVID-19: Lockdown Restrictions Level 4

By Peter Cottrell CA(SA) The following provides a high level guidance on the regulations and guidelines applicable to the Level 4 Lockdown Status.    Requirements for business that will operate under Level 4 Warrick de Wet (attorney) has kindly provided guidance on the application of these regulations: Businesses entitled to operate in Level 4 will beContinue reading “COVID-19: Lockdown Restrictions Level 4”

COVID-19: Strategic Business Support response to Level 4 Regulations

Dear clients, colleagues and service providers As we look to a new business week, so too we look to the implications of operating under level 4 lockdown restrictions.  Some practical guidance is included in the article Lockdown Restrictions Level 4. Strategic Business Support has made a decision that we will continue to operate remotely for theContinue reading “COVID-19: Strategic Business Support response to Level 4 Regulations”

Reflection: Surviving the Storm – Personal Wellbeing

By Peter Cottrell CA(SA) The Covid-19 crisis presents as a storm with poor visibility where the end outcomes are far from known.  It is unusual in that there have been times of rapid change and upheaval, together with radically changed personal circumstances. One of the key themes of surviving a storm is care for the wellbeingContinue reading “Reflection: Surviving the Storm – Personal Wellbeing”

Reflection: Leadership Response in a Time of Crisis

By Peter Cottrell CA(SA) In a previous reflection “Life Beyond: The Inspiration of a Life at Sea” I shared a vision of hope from an inspirational South African seafarer, Constance Nengovhela.  As I reflect on Constance’s story, it offers much insight into the strategy for surviving a crisis, including a realistic assessment of the severityContinue reading “Reflection: Leadership Response in a Time of Crisis”

COVID-19: NEWSFLASH – Covid-19 Draft Risk Adjusted Strategy (Key Sectors and Priorities)

This is a short advisory to draw the South African Government’s draft Risk Adjusted Strategy to be phased in with effect 1 May 2020. The draft strategy document contains proposals for the phased easing of lock-down restrictions with levels ranging from 5 (lock-down) to 1 (fairly wide freedom of movement permitted, but with health andContinue reading “COVID-19: NEWSFLASH – Covid-19 Draft Risk Adjusted Strategy (Key Sectors and Priorities)”

COVID-19: Guaranteed Loan Scheme for SMEs

By Peter Cottrell CA(SA) The major challenge facing most businesses is the need for liquidity, both during the lock-down period and for the subsequent reboot of the economy. On 21 April 2020, President Ramaphosa outlined further economic and social measures in response to the Covid-19 pandemic.  One measure that will be of significant interest to many  SmallContinue reading “COVID-19: Guaranteed Loan Scheme for SMEs”

COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Preliminary Feedback on Benefit Calculations

Most employers are still waiting for feedback on their TERS applications and accordingly information received to date is fairly limited.  The limited feedback to date is that in some instances the TERS benefits received have been far less than what was expected.   The purpose of this communication is to provide information based on the benefit calculations thatContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) – Preliminary Feedback on Benefit Calculations”

COVID-19: Essential Services – Updated CIPC Bizportal Registration Requirements

Please find below an urgent update from Riona Pillay (Warrick de Wet Attorneys) regarding the revised Bizportal registration requirements for providers of essential goods and services.  Please note that the existing certificates are no longer valid and essential service providers are urged to register and download an updated certificate as soon as possible. The process forContinue reading “COVID-19: Essential Services – Updated CIPC Bizportal Registration Requirements”

COVID-19: Property Leases and Rental Relief

We are encountering many situations where tenants are requesting some form of rental relief for the lock-down period and sometimes beyond.  In practice, this is a complex area with legal, commercial and moral implications.  From the tenant perspective, there can be genuine financial hardship due to closure of businesses during the lock-down.  While landlords will have an overridingContinue reading “COVID-19: Property Leases and Rental Relief”

COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit Online Application Process

By Peter Cottrell After our comprehensive update on Temporary Employer-Employee Relief Scheme (TERS) yesterday, we now share some practical information on the online application process that has been opened.  There are still some questions around which UIF option is best.  In most circumstances, the TERS benefit will be the most effective method of getting benefits into employees’Continue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit Online Application Process”

COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit

By Peter Cottrell CA(SA) There have been significant changes to the Temporary Employer / Employee Relief Scheme Benefit over the last few days. Firstly, there have been significant changes to the regulations that have widened the scope of the scheme.  There are three significant areas of change: Employees who are receiving reduced remuneration are now eligibleContinue reading “COVID-19: Amendments to the Temporary Employer-Employee Relief Scheme (TERS) Benefit”

Life Beyond: The Inspiration of a Life at Sea

By Peter Cottrell Constance Nengovhela is an inspirational South African, offering a vision of hope that is so desperately needed at this time in our history. Born in Ha Mashau village in Limpopo, Constance serves as an active seafarer on international shipping routes.  In between, she is an entrepreneur having launched an inspirational clothing line “LifeContinue reading “Life Beyond: The Inspiration of a Life at Sea”

COVID-19: Relief for the Poor and Vulnerable

Our President has made another great call for solidarity and action by our country and we face a further two weeks of imposed lock-down.  There are three prongs to the government’s response to the Covid-19 Pandemic: An intensified public health response to slow down and reduce infections; A comprehensive package of economic support measures toContinue reading “COVID-19: Relief for the Poor and Vulnerable”

COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit

Update: There have been significant changes to the regulations and the registration process for the Temporary Employer-Employee Relief Scheme (TERS). Please refer to our updated guidance issued on 14/4/2020. Please find attached important guidance on the Temporary Employer-Employee Relief Scheme (TERS) Benefit, a joint effort between Clive Stewart and myself this time.  Please note thatContinue reading “COVID-19: Temporary Employer-Employee Relief Scheme (TERS) Benefit”

COVID-19: Tax Measures in Response to Covid-19 Pandemic

If you have not already seen our President’s address to the nation last night, it is well worth a watch: https://www.enca.com/news/livestream-president-ramaphosa-addresses-nation I was impressed to hear that the “track and trace” process will continue and that there will be expanded testing.  All of this at a time when our Statistics remain in the “lower leagues”Continue reading “COVID-19: Tax Measures in Response to Covid-19 Pandemic”

COVID-19: Debt Relief Scheme and Business Growth / Resilience Facility Guidelines

We hope you are all doing well, getting used to this new normal.  For some of us, we have already been in isolation for a while and a weekend spent at home entirely with family is becoming familiar.  For others, it is new.  There are some positives – notice how quiet the crime groups areContinue reading “COVID-19: Debt Relief Scheme and Business Growth / Resilience Facility Guidelines”

COVID-19: A Brief Update on Essential Services

Please find below an update from Warrick de Wet on the current status of the registration requirements with regard to essential goods and services.  This provides much needed answers to what was an extremely stressful situation yesterday, particularly with regard to certain issues that remain unresolved.  Warrick has also given extremely useful legal guidance onContinue reading “COVID-19: A Brief Update on Essential Services”

COVID-19: Lock-Down Regulations and Essential Services

By: Warrick de Wet (Attorney) On 25 March 2020, additional Disaster Management Regulations in terms of the Disaster Management Act 2002, dealing with the national lockdown from midnight on 26 March to midnight on 16 April 2020, were issued. In terms of the lockdown Regulations every person shall remain at his place of residence for the periodContinue reading “COVID-19: Lock-Down Regulations and Essential Services”

Business as Unusual

Dear clients, colleagues and service providers This last week has been extraordinary to say the least! As this COVID-19 crisis develops, there may well be a profound call to care for the needy and the sick, and that may cost us our very lives. But in the meanwhile there is something profoundly important that weContinue reading “Business as Unusual”

%d bloggers like this: