Standard Bank are pleased to announce that they have partnered with the South African Future Trust (SAFT) for Small and Mico and Medium Enterprises (SMMEs). SAFT, an independent trust set up by Nicky and Jonathan Oppenheimer to extend direct financial support to the employees of SMMEs who are at risk of losing their jobs, has been funded with an initial contribution of R1 billion, with the aim of mitigating the immediate economic impact of the COVID-19 crisis.
Ramaphosa warned about big VAT increase to fund grants
The Sunday Times reports that South African residents could soon face higher value-added tax (VAT) rates to sustain the R350 social relief of distress (SRD) grants. This
