Disclaimer: The South African Medical Technology Industry Association (SAMED) provides this content as a complimentary service. The content is not a substitute for appropriate legal advice and is not binding on SAMED. SAMED, its board members, committees, employees and members, will not be responsible for any inaccuracies or omissions, or, liable for any damages or loss of whatsoever nature suffered by any person as a result of relying on or using the content provided.
Economic relief measures during COVID-19
14 July 2020
The Department of Small Business Development has several interventions available to qualifying SMMEs. Email applications to email@example.com or make a general enquiry at firstname.lastname@example.org
National Treasury Loan Scheme for SMEs
08 May 2020
The South African Reserve Bank and commercial banks have jointly created a guaranteed loan scheme. The purpose of this scheme is to help small and medium-sized businesses and the economy. In terms of this scheme, R200 billion will be ultimately made available for new loans to existing customers. Repayment of interest and capital starts after six months and businesses have a maximum of 60 months to do so.
Department of Small Business Development: Small business support programmes in response to COVID-19
04 May 2020
The Department of Small Business Development has put together a response plan in light of COVID-19 aimed at small business.
Relief Funding and Loans
15 April 2020
There are a number of funding and loan initiatives targeting varying SMEs. Each relief initiative has certain criteria and an affiliated application process.
IDC COVID-19 Essential Supplies Intervention
14 April 2020
The IDC COVID-19 Essential Supplies Intervention is designed to provide funding to companies that have the capacity to acquire and/or manufacture products needed to treat, curtail and combat the spread of the COVID-19 pandemic. Read more about these and other stories in the IDC newsletter.
COVID-19: Important matters relating to Government Assistance
07 April 2020
Government will be assisting employees and employers during the COVID-19 pandemic using various government funding initiatives. The summary covers the following:
- Department of Labour: UIF; Compensation Fund; National Disaster Benefit fund- TERS (UIF)
- Department of Small Business Development: Debt relief; SMME business growth;
- Department of Tourism
- Solidarity Fund
- SA Future Trust
- Business Partners
- Informal business
IDC COVID-19 essential supplies intervention
30 March 2020
The IDC COVID-19 Essential Supplies Intervention is established to provide funding to companies for the manufacturing of essential supplies on an urgent basis to combat the COVID-19 other products that are critical to the treatment and curtailment of the spread of the disease.
Contact information for incentives
30 March 2020
There are several incentives during the COVID-19 period. It is essential that you direct your queries to the correct person in order to expedite a response.