Many businesses are struggling to stay afloat because they either cannot operate under the COVID-19 lockdown or the volume of their output has diminished substantially. The SMME Debt Relief Finance Scheme, the South African Future Trust and the Sukuma Relief Programme have been created to assist SMMEs with their difficulties. Many banks are offering clients
Debt relief
Government and banks offer debt relief for businesses affected by COVID-19

By Susan Bisset on
As South African businesses suffer the impact of the COVID-19 pandemic and national lockdown, small businesses can apply for debt relief from most of the major South African banks and several state programmes.
The Department of Small Business has announced multiple interventions to assist small businesses. In addition to tax subsidies and incentives for compliant…