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.

Tax compliance deadlines

Individuals – Provisional Taxpayers

The 2023 ITR12 Annual Individual Income Tax Return is due by 24 January 2024.

The 2024/02 IRP6/Second Provisional Tax Return Deadline is 29 February 2024.
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Companies/CCs – February Year End

The 2023 ITR14 Annual Company Income Tax Return is due by 29 February 2024.

The 2024/02 IRP6/Second Provisional Tax Return Deadline is 29 February 2024.

Trusts

The 2023 ITR12T Annual Trust Income Tax Return is due by 24 January 2024.

The 2024/02 IRP6/Second Provisional Tax Return Deadline is 29 February 2024.

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