21 September 2020 - 07:36Contact Enterprises University of Pretoria for more information on the business management and entrepreneurship short courses. Picture: 123RF/GAJUS
The Covid-19 pandemic has brought huge disruption and had a devastating impact on the SA economy, with dire consequences to businesses. On March 27 2020, President Cyril Ramaphosa announced a national lockdown, which aimed to flatten the curve of the coronavirus. This meant that businesses had to close offices, and employees and consumers were asked to stay at home. The initial period was extended and the country has now been in lockdown for more than a third of this year.
With most businesses’ doors shut and all operations halted, profits and cash flows dropped at a high speed. Many businesses went into financial distress and thousands of jobs were lost. The government introduced a business turnaround & recovery strategy to businesses in distress to help them navigate through these unprecedented times.
On July 22 2020, deputy minister of the employment & labour department Boitumelo Moloi announced at a virtual press briefing that the Unemployment Insurance Fund will provide R104m to Productivity SA . The funds aim to support 6,000 small- and medium-sized enterprises to improve productivity, and to preserve and create jobs.
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Patrice Motsepe’s ARC Investments does U-turn on fund feesMotsepe’s business abandons plans to use R205m from a share sale to fund management fees 🔒 🤣🤣🤣🤣 CyrilRamaphosa tito_mboweni bribe from Cyril's brother in law I hope those shareholders are not the taxpayer CyrilRamaphosa tito_mboweni ...........Tell the truth now....which black business in South Africa runs without taxpayer cash Not this one Damage is done, The fact that the ARC management feels that they are entitled to this kind of largesse from the shareholders pockets is the real issue that still remains. A non starter for me.
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Relief fund launched by Western Cape government to aid small businessesThe province has launched a R27 million relief fund to help small businesses hard-hit by Covid_19, says Finance and Economic Opportunities MEC David Maynier. Cape Argus
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Murdered top cop Charl Kinnear ’was probing gun racket at police head office’Murdered top cop Charl Kinnear was allegedly investigating a gun racket at the police head office in Pretoria which involved high-ranking officers before he was killed. This politicians of ours 😭 Sometimes you need to look aside see and hear no evil The loss is on the poor, the family and the dedicated team, while the gain is on the corrupt and greedy officials.
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R350 may not seem like much, but is important to those in needR350 may not seem like much to many people, but the value of the Social relief of distress grant is obvious if one sees the queues waiting outside Pretoria’s central post office to claim it. Unfortunately they stole it , now people are rejected Yes but there unfortunate part is people are still not getting even those R350 even after being approved for over 3 months. South Africans should have gotten 2500...
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