Necessitated by the global breakout of the Coronavirus and resulting in the shutting down of economies due to nationwide lockdown. The UIF has seen a marked increase in applications which has come about as a result. The efforts to contain the virus or ‘flatten the curve’ has resulted, nationwide, in loss of income and employment […]
Are you wondering how the COVID-19 Loan Scheme works? Set up by the South African Reserve Bank (SARB) and the National Treasury and partnering with members of the Banking Association South Africa (BASA). This scheme has been created to help small and medium enterprises, support the economy and save jobs. In order to give readers a better understanding, […]
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With the 1st May marking the first day of Level 4 lockdown, you may be wondering what this means for businesses across the board, not only the automotive industry. Which businesses can open? This article written by Business Tech sheds some light on the subject. For more information on the SA lockdown and the coronavirus, […]
After the Q1 2020 numbers showed a significant dip in cars, new and old, being financed. What is the forecast for the local automotive industry in 2020 and can it bounce back in what was already a pre-recession South Africa at the end of 2019? Business Tech reports. Read Article
The Department of Trade & Industry reports that SA’s domestic new-car sales were down 27% from March last year. Jakkie Olivier, CEO of the RMI and other industry heavyweights spoke to Michael Avery on Business Day TV about the auto-industry and COVID-19. View Video
