DEBT RELIEF FUND FOR SMMES AMID COVID-19 PANDEMIC

“The Debt Relief Fund is aimed at providing relief on existing debts and repayments, to assist SMMEs during the period of the Covid-19 state of disaster.”

Whether you are funded by the state or not, you could get some sort of relief. This will be look at by a case by case

basis to qualify, you will have to prove a direct link between your inability to service your business loan and the coronavirus outbreak.

“This facility will also assist entities to acquire raw material, pay labour and operational costs. All these interventions will be structured to match the patterns of the SMMEs cash flows, as well as the extent of the impact suffered.”

If the SMME businesses qualify, funds will be offered for working capital, bridging finance, stock, order finance and/or equipment finance, and the amount required will be based on the funding needs of each business.

Enterprises seeking assistance must register on the SMME South Africa portal at www.smmesa.gov.za, which will open on 24 March.

Sectors

Capital Markets

Phoenix strives to enable sophisticated clients to conserve, develop and leverage their financial resources, through effective access to relevant knowledge, skills, systems, products  and research.

Private Equity

Phoenix Private Equity is a private equity and venture capital business operating in South Africa and Zambia. Phoenix is able to assist with access to capital via its internally managed funds and their extensive client base.

Advisory

Phoenix Capital is a specialist business consultancy, with an entrenched knowledge of what makes business work, both locally and internationally. Phoenix Capital specialises in BBBEE advisory, commercial property advisory, business development and corporate finance.

Research Centre

The Taxation of Cryptocurrency

What You Need To Know

View Article

The Tax Ombud

Who you should go to with your tax complaint

View Article

5 Top Financial Tips

For Entrepreneurs

View article

3 Reasons You Should Go Cashless

For Small Businesses

View Article

Niche Investments

Lower Rates

Lower Rates is a customer centric service, which serves to provide clients with the right products, with proven success in driving results and achieving goals in challenging and fast-paced corporate environment.

Read More

Ubunye

Ubunye is a boutique commercial law consultancy with a flexibly minded team of dynamic solution finders. Offering Corporate and Commercial law services specialising in mergers and acquisitions transactions, competition law and compliance law.

Read More

MR Retail

Mr Retail team’s experience, expertise, and proven performance for its retail consulting clients is unmatched. Given our practical experience, wework in collaboration with our clients to ensure effective execution.

Read More

Phoenix Insight

Phoenix Insight provides online accounting and tax functions. Our team are all specialists in their fields and they ensure our clients are always current with the latest information. We want to help our clients make informed business decisions and plan for the future of their business.

Read More

Nourichem

Nourichem Supply specialist chemicals to a diversified range of local production sectors including Nuclear, Mining, Building & Construction Materials, Glass, Food & Feed, Detergents, Ceramics, PPAN & Fertilizers, Paints & Coatings and Water Treatment.

Read More

ZoomPay

A SAAS development company focusing on fintech applications that will make it to easier and safer to transact in the digital age. We have currently developed an easy to use mobile and web interface to make smart payments and manage your digital assets.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *