COVID-19 FAQs

21 May 2020

SAMED: Your Questions Answered Updated 21 May 2020

SAMED: Your Questions Answered

Find a list of frequently asked questions and their answers here.
Updated: 21 May 2020

Disclaimer: The South African Medical Technology Industry Association (SAMED) is providing this opinion as guidance in the context of current legislation, relevant codes and policies, as well as industry practice, where available. The advice is provided on the basis of the information submitted by the requester. The advice 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 advice provided.

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15 May 2020

Q&A ON THE LOAN GUARANTEE SCHEME

As a result of the novel coronavirus and the steps taken to curb its spread, many businesses face a significant loss of income. In this context, the government is partnering with commercial banks to provide financial support to small and medium-sized firms to enable them to meet their operational needs over the next few months.

On 4 May 2020, the National Treasury, South African Reserve Bank and Banking Association South Africa agreed on the detailed design, legal agreements and administrative processes to implement the loan guarantee scheme announced by President Ramaphosa on 20 April 2020. Participating banks are expected to start receiving and processing COVID-19 loan applications from Monday 11 May 2020.

  • What is the loan guarantee scheme?
  • Which businesses qualify?
  • What are the conditions of the loan?
  • What happens if a business that has taken a loan closes down?

Download the Q&A for the answer to these and other questions here.

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22 April 2020

Disaster Management Tax Relief FAQ’s for Employees’ Tax, ETI and Provisional Tax
  • Who are qualifying taxpayers?
  • What are the requirements to claim the tax relief?
  • What is the Employment Tax Incentive (ETI) tax relief?
  • What is the Employees’ Tax Deferral?

Find the answer to these and other questions here.

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22 April 2020

FAQs relating to Essential Goods, clearance and movement of goods and service

Frequently Asked Questions (FAQs) relating to Essential Goods, clearance and movement of goods and service rendered by customs under the COVID-19 lockdownp

  • What is the difference between critical supplies and essential goods?
  • What do we need to know about the importation of critical supplies or essential goods to the national state of disaster (COVID-19 pandemic)?
  • Do I need to apply for the VAT exemption under rebate item 412.11?
  • Where can I find the certificate issued in terms of Schedule 1(8) of the Value Added Tax Act, 1991, item 412.11/00.00/01.00 (RE: SARS Essential Goods List)?

Find the answer to these and other questions here.

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07 April 2020

ECONOMIC MITIGATION AND RELIEF MEASURES FAQ

ECONOMIC MITIGATION AND RELIEF MEASURES FAQ

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01 April 2020

COVID-19 Coronavirus Disease – FAQ

Frequently asked questions about Coronavirus from the Department of Health, NICD and NDP.

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30 March 2020

Q & A: Workforce issues during the lockdown

Employers are unsure of how to handle labour and labour queries during the lockdown. Are employers obliged to pay employees during the lockdown? Can an employer require its employees to take leave during the lockdown? Should employers issue employees with masks for work and travel, if employed in an essential service?

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30 March 2020

Q & A for business operations during lockdown

There has been a lot of questions during these uncertain times. Is there an official list of which businesses that should remain open? Which businesses may continue to operate during the lockdown? Do I have to register my business on the http://www.bizportal.gov.za/ CIPC portal in order to carry on business as an essential business?

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