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Do this simple test to check your company compliance.

Specifically for SMMEs (Small to Medium Enterprises with an annual turnover of less than R50 million) affected by COVID-19.

Do you need assistance with compliance (for SMMEs affected by COVID-19.) Are you compliant? This is simple test from the SMME specialists Digital CFO, to help you understand what you need to get in place before applying for funding.

The Department of Small Business Development is offering aid to small to medium enterprises that are affected by the COVID-19 pandemic. This relief fund will be presented in three forms:

Debt Relief Finance Scheme

Business Growth/ Resilience Facility

Tax measures to combat the pandemic

When is my business compliant?

This list describes what needs to be done for your business to be classified as compliant.

We specialize in compliance for SMMEs affected by COVID-19.

In the meantime it would be advisable to get the following documents in order, no matter which route you will be following:

  • 3-months bank statements
  • Proof of employees that may be assisted
  • Supporting documentation/ letter stating how your business is in distress as a result of Covid-19
  • Proof that the business is negatively affected by COVID-19 pandemic;
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  • Company Statutory Documents;
  • FICA documents (e.g. Municipal accounts, letter from traditional authority);
  • Certified ID Copies of Directors;
  • Latest Annual Financial Statements or Latest Management Accounts not older than three months from the date of application – where applicable;
  • a Business Profile;
  • 6 months Cash Flow Projections – where applicable;
  • 6 months Cash Flow Projections – where applicable;
  • Copy of Lease Agreement or Proof ownership if applying for rental relief; or Rent statement (if you have one)
  • 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;
  • SMME employers who are not compliant with UIF must register before applying for relief;
  • Facility Statements of Other Funders
  • Detail breakdown on application of funds including salaries, rent etc.

VERY IMPORTANT!

Don't send these docs to anybody, be careful of scammers! Just have them ready when you submit your application yourself from the 2nd of April at

www.smmesa.gov.za

But you DO need to register with the Department of Small Business Development without delay!

Details from the Department of Small Business Development

Read more about the relief fund from the South African Government here

Details from Business Partners Limited

Listen this radio podcast on how the Rupert fund will be administered by Business Partners Limited

DO THE COMPLIANCE QUIZ

Find out what your business needs to get in place to be compliant.

GET A DETAILED QUOTE

Fill in this quote form in order for us to give you an accurate costing on getting your business compliant:

For a detailed quote email us.Click here 
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