Last week, the Minister for Small Business Development, Ms Khumbudzo Ntshavheni, announced details of the intervention measures to support SMMEs affected by the Covid-19 disaster. SMMEs are advised that the Department of Small Business Development has published, on its websites, the Guidelines for Application for the Debt Relief Finance Scheme and Business Growth/ Resilience Facility. The online application form will be available from Thursday, 02 April 2020. It is important to note that only SMMEs that are registered on the database will be considered.
BENEFITTING SMMES
Businesses which are negatively affected, directly or indirectly, due to the Coronavirus pandemic;
QUALIFYING CRITERIA
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The business must have been registered with CIPC by at least 28 February 2020;
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The company must be 100% owned by South African Citizens; Employees must be 70% South Africans;
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Priority will be given to businesses owned by Women, Youth and People with Disabilities;
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Be registered and compliant with SARS and UIF;
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Seda will assist micro-enterprises to comply and request for assistance must be emailed to debtrelief@seda.org.za;
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Whereas small and medium enterprises must ensure own compliance;
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Registration on the National SMME Database – https://smmesa.gov.za Proof that the business is negatively affected by COVID-19 pandemic;
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Complete the simplified online application platform;
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Company Statutory Documents;
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FICA documents (e.g. Municipal accounts, a letter from traditional authority);
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Certified ID Copies of Directors;
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3 months Bank Statements; Latest Annual Financial Statements or Latest Management Accounts not older than three months from date of application – where applicable;
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Business Profile;
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6 months Cash Flow Projections – where applicable;
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Copy of Lease Agreement or Proof ownership if applying for rental relief;
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If applying for payroll relief, details of employees – as registered with UIF and including banking details – will be required as payroll payments will be made directly to employees;
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SMME employers who are not compliant with UIF must register before applying for relief;
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Facility Statements of Other Funders; Detail breakdown on the application of funds including salaries, rent, etc.
APPLICATION PROCESS
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Register on https://smmesa.gov.za/
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Complete online Application Form (to be released on Thursday, 02 April 2020);
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Upload Required Supporting Documents
Please go to https://smmesa.gov.za/ to register your business.
In addition, the Department has also published Requests for Proposals to existing South African owned, registered and tax compliant SMMEs, which are in the medical supply and non-food field. The RFPs are aimed at getting information on SMMEs that have the capability to participate in the manufacture and supply of goods that are needed towards the management of the impact of the Covid-19 pandemic. The RFPs are:
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DSBD/COVID-19: 25/2019/2020: Critical Non-Food Essentials
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DSBD/COVID-19: 26/2019/2020: Hygiene, medical products manufactured or related services
The documents can be found in the following websites:
SMMEs are encouraged to make use of our alternative email at info@dsbd.gov.za or call our Hotline number 0860 663 7867.
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