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For a period of three months, unless it is withdrawn earlier, the Department of Employment and Labour has issued a Directive establishing a temporary employer/employee relief scheme.
A Temporary Financial Relief Scheme has been established to assist the more than 75 000 workers who are receiving either reduced pay or no pay. Read here.
Moving forward, lenders and businesses will need to be diligent in all vetting processes to protect themselves against both defaulters & potential fraudsters.
The Covid-19 Temporary Relief Scheme Refined – Recent Amendments to the Minister’s DirectiveAmendments published to the Directive responsible for the implementation of the Scheme on 08 April 2020 have clarified the application of the Scheme and have further refined its operation.