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Past Webinar – Accessing business relief schemes during COVID-19 with Tiisetso Masimula

Allow Transcend to assist you in navigating the financial impact of COVID-19 on your company.

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During the 21-day lock-down many businesses are unable to operate at full capacity. While the severe measures put in place are expected to reduce the number of lives that will be lost due to COVID-19, they are expected to have a considerable impact on many businesses’ ability to stay profitable.

How do you stay profitable during and after this lock-down and mitigate the impact of these measures on your businesses and the people you employ?

Transcend is able to assist your company in accessing the various business relief mechanisms that have been introduced.

They include the following:

  • Temporary Employer-Employee Relief Scheme (COVID-19 TERS): This is a Unemployment Insurance Fund (UIF) initiative that has been established to provide temporary financial relief to employees where it is economically not possible for their employers to pay them due to a closure of the employer’s business operations resulting from the COVID-19 pandemic.
  • SMME Debt Relief Finance Scheme: This scheme is spear-headed by the Department of Small Business Development and aims to assist SMMEs that have been negatively affected by the COVID-19 state of disaster by providing relief on existing debts and repayments.
  • Business Growth/Resilience Facility” The Department of Small Business Development has also championed this scheme that is intended to enable continued participation of SMMEs in supply value-chains. This fund is focused on those SMMEs who locally manufacture or supply items which are in demand due to the COVID-19 pandemic (these are items such as sanitizers, detergents and tissue paper).
  • IDC essential supplies intervention: The Industrial Development Corporation of South Africa (IDC) has made funds available to fund companies for the acquisition and/or the manufacturing of essential supplies on an urgent basis to combat the COVID-19 pandemic that is facing South Africa.
  • NEF COVID-19 Intervention Fund: The National Empowerment Fund (NEF) has dedicated a fund to provide working capital funding to black-owned SMMEs who manufacture various medical supplies that are required to assist in the fight against the COVID-19 pandemic.

Through 14 years of consulting, Transcend has developed the skills to assist clients in accessing these funds and business relief schemes

For more information on how to access these schemes and how we can assist, contact us. 

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Meet the host

Tiisetso Masimula is a Director at Transcend Capital. As part of the B-BBEE transaction advisory team, he focuses on the design and implementation of B-BBEE ownership solutions. He has worked on various major multinational deals – providing B-BBEE Ownership advisory, and leading valuations.

Prior to joining Transcend Capital, he spent four years in EY’s Transaction Advisory Services team. At EY, he provided buy-side and sell-side transaction, due diligence and valuations advice to multinational corporates and private equity client