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For a period of three months, unless it is withdrawn earlier, the Department of Employment and Labour has issued a Directive establishing a temporary employer/employee relief scheme.
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.
Stats SA reports that 28% of businesses surveyed had decreased working hours, with close to 20% laying off staff in the short term¹, as a direct result of the COVID-10 national lockdown in South Africa. While some businesses deemed non-essential are able to continue operating with employees working remotely, aided by laptops and WIFI or mobile internet connectivity, the economic downturn has meant that even those working through the lockdown may not receive a full salary cheque come month end, with over 85% of South African businesses reporting turnover below the normal range. Going forward, lenders and businesses will need to be diligent in all vetting processes to protect themselves against both defaulters and potential fraudsters.