Tag: corona virus

The global outbreak of Coronavirus and the subsequent national lockdown announced by President Ramaphosa in March 2020 have undoubtedly impacted many companies.

If you haven’t already dusted off the business interruption, liability and event cancellation policies you have underwritten, or placed for an insured, and checked for coronavirus coverage, now is the time to do so.  

The scale of the national COVID-19 lockdown is unprecedented in living memory. The repercussions – personal, professional, national and international – will reverberate for years to come. As entrepreneurs, we need to be making the right decisions for right now to ensure that our businesses and our people’s livelihoods do not become another casualty of the virus.

The COVID-19 pandemic has changed our world with devastating speed and there is no doubt that small businesses will be the hardest hit. Although we are hoping for everything to get back to normal and finally get to put all the anxiety, fear, and tragedy of the COVID-19 pandemic behind us, no one knows how severe the economy will get impacted or how long the recovery process will take.

The next few weeks (and beyond) will be a testing time particularly for smaller businesses. Best to see it as a stress test, a way to make your business stronger.

The global COVID-19 pandemic has made its presence felt in South African retail and consumer-focused businesses, especially in tourism and hospitality, but the full impact on earnings, cash flow and employment will last far longer than the initial lockdown.

On 9 April 2020, the Government issued Notice 43224, Regulation 459, effective as of 9 April 2020 which provides directions regarding the operation of Essential Service Call Centres during the Lockdown Period. 

As the nationwide COVID-19 lockdown nears the end of its initial deadline, businesses across the country have had to review the way that they communicate with their employees. With the diminished in-person contact that employers now have with their workforce, it is vital to have a system in place that ensures staff are equipped with the right information in order to stay safe, remain engaged with their companies, and be prepared for work to resume.

There is promise after the storm, but good planning is needed by business owners in the restaurant, bar and events industry.

The Covid-19 crisis has brought much of the world economy to a sudden stop. Millions upon millions of people are in lockdown across the world, preventing them from working, buying, producing and selling goods and services. Global and local supply chains are interrupted, and small and large companies see a collapse in income. Households are under similar pressure.