Support related to the current COVID-19 Pandemic

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Below is a breakdown of the relief measures for South Africa that NK Accounting Services is aware of. This is a very fluid environment and new or additional relief measures are added on a regular basis. We have therefore tried to include as many relevant websites as possible. Please also watch out for other potential relief schemes communicated through the banks, government and the media.

For industry specific relief schemes, please refer to:

COVID-19 TERS (Temporary Employer-Employee Relief Scheme through UIF – Unemployment Insurance Fund)

In broad terms this is an application to UIF and the employer is encouraged to make this application (instead of the employee, to minimise number of applications). This relief scheme is to cover the salaries of employees where the employer is unable to pay the salaries. This will specifically be applicable in instances where the organisation has ben forced to close down as a result of the COVID-19 pandemic. This is not applicable where salaries are paid to employees by the employer, as this relief measure specifically deals with the payment of salaries where the employee is not being paid by the employer during the period while the employer is closed for business due to the COVID-19 pandemic. This is to assist in avoiding temporary lay-offs and to assist employees in receiving a salary or portion of their salary (depending on their income) instead of taking paid annual leave. My understanding is that this will therefore be unpaid leave and that UIF will then cover the salaries as opposed to the employer paying salaries.

The following requirements will therefore need to be met:

The application procedure:

As part of the audit and verification process, the employer will need to provide evidence of payments made to the employees of the funds received from the UIF on behalf of the employees by the employer.

There is also relief where the employee is in quarantine for 14 days or more due to the COVID-19 pandemic. Confirmation from employer and employee will be accepted as proof if the quarantine is for 14 days. If for longer than 14 days, the employee will need to supply a medical certificate from a medical practitioner. This falls under the illness benefit.

For ease of reference, please find attached:

The templates can also be obtained by sending an email to – an Autoreply email with the steps and the attachments will be emailed to you.

Department of Labour: Compensation Fund claims for occupational injuries and diseases

The benefits available:

Please refer to attached Notice on compensation for occupationally acquired COVID-19 for the documentation to accompany the claim and the process to follow.

For more information with regards to UIF and Compensation Fund relief click here

Department of Small Business Development Relief Schemes

There are 3 types of relief schemes available:

  1. SMME Business Growth / Resilience Facility
  2. SMME Debt Relief Scheme
  3. COVID Finance Relief

The following requirements will need to be met:

Applications can be made online by following this link

Disaster Management Tax Relief for Employees’ Tax, ETI and Provisional Tax through SARS (South African Revenue Services)

These are effective from the April 2020 returns up to the July 2020 returns. To qualify for these, the taxpayer (trading), should have a gross income of R50 million or less for the financial year in which the relief periods fall. The gross income should not be more than 10% made up of interest income, dividend income, remuneration from employer and rental income. The taxpayer has to be fully tax compliant.

Relief measures:

Refer to attached Frequently Asked Questions (FAQs) from the SARS’ website for more information on these relief measures.

There are also some relief measures applicable to Customs Duty and Vat applicable to certain imported goods (essential goods). Please note, however, normal VAT rules remain applicable to local sales and no VAT deferrals are applicable.

Refer to SARS Customs & Excise and Covid-19 News and Regulations for more information with regards to Customs.

For the latest news from SARS on COVID-19, please refer to this link

COVID-19 SME Fund (SUKUMA Relief Programme) – administered by Business Partners and funded by Rupert Foundation & Remgro

This funding is for working capital (salaries, rent, loan installments, hire purchases).

This funding is also available for Sole Proprietors and Partnerships.

This will be in the form of a R25 000 grant (not repayable) and potentially an interest free loan for the first 12 months, that will need to be repaid.

Qualifying criteria to be met:

Application is online and very easy.

For more information and the application process click here

SA Future Trust – administered by ABSA, FNB, Nedbank or Standard Bank and funded by Oppenheimers

This funding is for financial assistance to employees of South African SMMEs who are at risk of losing their jobs or will suffer a loss of income due to COVID-19. This will be in the form of an interest free loan over a five year term.

Qualifying criteria to be met:

For more information and the application process click here

Tourism Relief Fund

The Department of Tourism encourages eligible businesses to apply for the COVID-19 Tourism Relief Fund during the application period from 07 April to 30 May 2020. Established as an intervention to mitigate the impact of COVID-19 on the tourism sector, the R200 million Tourism Relief Fund provides once-off capped grant assistance to Small Micro and Medium Sized Enterprises (SMMEs) to ensure sustainability during and post the implementation of government measures to curb the spread of Covid-19 in South Africa.

For more information click Tourism Relief Fund open. SMMEs can submit funding applications by completing a form accessible online by following this link.

Please note that all links and information were correct at time of publishing and NK Accounting Services takes no responsibilty for any and all such information which is not within our control.