ON YOUR EMPLOYEE COSTS...
We can assist you in getting 75% of your salary and wage bill back in cash for up to 12 months...no risks!
Act quickly, as these applications are only available for a limited time only!!!
IMPORTANT:This is NOT a loan. This is a Grant, should you qualify.
No PAYBACK
required.
BENEFITS
Cash injections
Cash injections for employers to assist them to survive during a time while the economy is under pressure.
Period of Scheme
Incentive granted between 3 and 12 months
Payments
Employers receive up to 75% of all employees' basic salary/wage for a maximum of 12 months.
Maximum benefit
The maximum benefit per participating employee is R17,119 per month.
No BEE Compliance
Your Company is not required to be BEE Compliant.
No Payback
This is NOT a LOAN, This is a Grant should you qualify. No Payback required.
QUALIFYING CRITERIA
Decrease in turnover & profits
The Company is experiencing distress in that their Turnover & Profit has decreased by at least 10% year on year
Operational
The Company is in operation for more than 3 years.
Labour intensive
Total labour cost (Salaries & wages) should be at least 25% of total operational expenses.
Minimum Permanent Employees
The Company should employ at least 30 permanent employees.
Going Concern
The Company must be a going concern.
WHY THIS SCHEME?
Countries globally and South Africa are affected by a deep and serious economic crisis, the worst in 80 years. The South African government, in coalition with various entities, has set up this incentive to:
Protect companies and employees from the impact of negative and slow economic growth in the relevant market sector.
Ensure that both employer and employee are protected against an economic downturn and can benefit and take advantage of the next upturn in the economy.
Ensure that employees remains employed during an economic downturn and avoid retrenchments.
Why They Recommend
the SCHEME
We have worked extensively with several employers across South Africa
What Are You Waiting For? Let’s help you get up to 75% back on your employee costs