In Addition To Ubank Helping U – Here’s How The Government Can Help U

  • Post Date
    Mon Feb 01 2021

For 40 years Ubank has been there for U. In today’s turbulent times we are by your side every step of the way. Many South Africans have had an interruption in their stream of income, and are looking for help.

Government’s COVID-19 Social Relief Of Distress Grant for Individuals

The SASSA COVID-19 SRD grant is available to all citizens who fall within the qualifying criteria. This grant will be collectible from May until October 2020. The grant was announced by President Ramaphosa and forms a part of the R50 billion social and economic relief fund allocated to various sectors in South Africa.

To apply for the grant U can go through various channels, which are :

To check if you qualify visit COVID-19_SRD_Grant.

Government’s Relief Initiatives for Business

The government has approved a number of other grants to help SMMEs during the COVID-19 pandemic. These include the Debt Relief Fund, the Business Growth/Resilience Facility, the Solidarity Fund, and the UIF Subsidy.

Debt relief fund: designed to provide relief from existing debts and repayments, the Debt Relief fund is aimed at small to medium businesses. To qualify for this fund, SMMEs need to show exactly how CPVID-19 has affected them and their income stream. To find out how to apply, and if your business qualifies, click here.

Business Growth/Resilience Facility:  This fund is aimed specifically at companies that manufacture health and hygiene-related products such as hand sanitiser and face masks. The fund will provide working capital, stock, bridging finance, order finance, and equipment finance. You can apply for this fund through the  SMME South Africa platform: https://smmesa.gov.za/.

The Rupert’s R1bn donation: Small and medium enterprises can qualify for a part of the R1 billion donation the Rupert family donated specifically to assist small businesses. Small businesses can receive from  R250 000 to R1 million in funding should they be in financial distress as a result of Covid-19. Click here to apply: https://finance.businesspartners.co.za/.

The Temporary Employee Relief Scheme (TERS): TERS is another financial relief fund that is designed to help employers to pay their staff, This initiative is aimed at reducing retrenchments during the Covid-19 pandemic. If you think that your business can benefit from this, email [email protected], for more information.

The Tourism Relief Fund: If your company is a part of the tourism value chain, you can apply for a once-off grant to ensure your company’s sustainability. The grant is capped at R 50 000 per company. For more information, or to apply, visit: https://www.tourism.gov.za/Pages/home.aspx

National Empowerment  Fund (NEF): R200 million funding has been allocated specifically for black companies that manufacture medical products relevant to the COVID-19 pandemic. To apply for this funding, click here

Opportunity to submit proposals: All SMMEs have the chance to submit proposals to the government for various health and essential services. This is to get information on which companies are able to participate in creating goods and jobs during the pandemic. If you think that your company may benefit from this, click here to find out more.

For more information on the Coronavirus (COVID-19) and what steps U can take to protect Yourself and your loved ones, visit www.sacoronavirus.co.za.

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FSP14740