COVID-19: Private SAFT fund relief for SME's
Please find attached a flow-chart that explains the requirements and application process applicable to the Private South African Future Trust fund.
Please consider applying to this fund for relief via your bank, if applicable.
Flow-chart of requirements and application process applicable to the Private South African Future Trust fund.
For businesses which are severely affected, directly or indirectly, due to Covid19 pandemic and cannot pay salaries. This flowchart is in line with the information as published by www.businesstech.co.za and www.opp-gen.com.
For the purpose of this incentive small or medium is any business with an annual turnover of less than R25 million and not the normal SMME turnover thresholds.
The South African Future Trust established by Nicky and Jonathan Oppenheimer will be administered by Nedbank, Absa, Standard Bank and FNB.