LETTER: A fast way to get money to afflicted SMEs
Offer a special dispensation, effective immediately, that owners of retirement capital can make a once-off, tax-free withdrawal
24 March 2020 - 17:23
SA and the world is facing the biggest crisis of our generation. Based on media reports, more than 1-million South Africans may lose their jobs in the next few weeks as the government-mandated shutdown to combat Covid-19 closes major sectors of our economy. Some of them possibly forever.
The same is happening elsewhere in the world. However, foreign governments have been able to move very quickly in getting financial aid to consumers and businesses. For example, the US is planning a fiscal stimulus of more than $1-trillion that could involve a “helicopter-drop” of $1,000 for every citizen...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.