The National Treasury has provided details of the relief measures which were announced by President Cyril Ramaphosa to assist business deal with the effects of the three week national lockdown and its aftermath.

There are three relief measures amounting to a total of R15bn — one expanding the age eligibility and the amount claimable under the employment tax incentive worth R10bn, and two others allowing respectively for the deferral of the payment of PAYE (R2bn) and provisional tax (R3bn) for tax compliant small and medium businesses...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now