Coronavirus: New MOM measures to help businesses, including SMEs, cope with outbreak
SINGAPORE - New measures to help businesses cope with the coronavirus outbreak have been rolled out by the Ministry of Manpower (MOM). In a statement on Tuesday (March 24) MOM said that, with immediate effect, small- and medium-sized enterprises (...
Coronavirus: Government to provide relief for struggling small businesses
A Debt Relief Fund to help alleviate the economic impact of the coronavirus on small businesses in South Africa is due to come into operation on Tuesday 24 March 2020. All small, micro and medium enterprises (SMMEs) may apply for relief on existin...
Small Businesses Seek a Crisis Lifeline Beyond Loans
As small businesses such as restaurants, bars, gyms and hair salons are forced by the coronavirus pandemic to go dark and lay off millions of employees, frantic owners are desperate for government aid to help them salvage enterprises that can’t...
Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?
Just 10 days after announcing its coronavirus stimulus package, the Morrison government has released a second, beefed-up and more robust version. The new $66.1 billion economic plan bolsters the measures of the first $17.6 billion pledge, and is i...
Covid-19: To keep the economy alive, we must focus on small businesses
South Africa slipped into recession very recently, before being faced with the prospect of the Coronavirus. We have a responsibility to keep the economy alive. An economic shutdown would have disastrous effects on a country such as ours, beset with h...