Tag: coronavirus

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.

South Africa has been on lockdown for more than a week. Integral to the lockdown regulations are the forced closures of businesses that are not deemed 'essential' by government.

Read our exclusive cover story titled COVID-19 | HOW TO SURVIVE FROM CRISIS TO CONTINUITY? by Michael Davies, CEO, ContinuitySA, as well a host of other topical management articles written by professionals, consultants and academics in the April/May 2020 edition of BusinessBrief.

An interview with Yasmine Wilson, Associate, Norton Rose Fulbright, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the impact of COVID-19 on force majeure clauses in contracts.

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. 

It is understandable that business owners feel panicky because of the toll Corona is taking on business income. However, many businesses realise that if they implement wholesale retrenchments they will not only lose valuable skills but will also reduce the buying power of the public. This would then further reduce the business’s ability to earn an income.

Following announcement of the actions taken by government to combat the COVID-19 crisis, many South Africans may be aware of the proposed tax measures that are effective from 1 April 2020.

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.

Following President Cyril Ramaphosa’s announcement of fiscal relief for certain taxpayers, in light of other measures imposed to combat the COVID-19 crisis, National Treasury published explanatory notes on 29 March 2020, which outline exactly how the tax system will be used to ease financial distress during these times.  

The South African Revenue Service (SARS) has taken several precautionary measures in response to the risk of infection from COVID-19 which are aligned with and are in support of the initiatives implemented by the Department of Health.