Part 2: COVID-19 Business Support Review

During this crisis what has been highlighted for most business owners is the access to resources and information available to assist with general, business and financial information.  Whether you are a sole proprietor or registered business, no business owner can know it all and have the time to research the required information.  We have all been bombarded with notifications, offers of assistance, some of which is applicable but most is not and having to navigate our way through in the quickest possible time without missing crucial information.

While we also don’t have all the answers, we are happy to share some of the research undertaken which may be of assistance to our Industry Partners and diving community.

We have investigated the different regions that cover our Industry Partners in order to provide some information on the government interventions specific to them.

Mozambique

While the IMF and other international financial organisations have offered relief and assistance, it is not clear on how this will help the population at large.  There does not appear to be any clear assistance to businesses or self-employed individuals in this region to access any government assistance.

We will continue to monitor this and provide updates as they arise

Mauritius

The Mauritian Government has identified priority sectors for assistance.  There are travel and tourism, export-orientated businesses and a few others. 
The following

1. Self-Employed Assistance Scheme (SEAS)

This intervention is under the Revenue Authority and is only open to self-employed individuals NOT employees. The criteria are listed on their website and a link is provided for ease of reference.
2. Wage Assistance Scheme (GWAS)

This scheme covers all employees in the private sector however, seems to have only been applicable to March when the government announced a 2-week lockdown period.  It is not known whether a retrospective application will be accepted.
3. The banking sector has offered various payment holidays regarding loan and bond repayments.  These negotiations would be directly with the specific individuals bank.

Further general information is provided here.

Kenya

  1. The government has employed various urgent interventions in order to assist business and individuals.Tax on monthly personal income under KES24,000 will not be taxed. 
  2. The maximum income tax rate will be reduced to 25%. 
  3. Annual turnover tax will be reduced to 1% for turnover under KES5M.
  4. Reduction of resident corporate tax rates from 30% to 25%.
  5. The VAT rate will be reduced from 16% to 14% with effect 1 April 2020.  This reduction also applies to commercial property rentals.
  6. No confirmation regarding the implementation of the reduction of tax rates could be found however, it appears that this will be effective from 1 March 2020.
  7. Banks will provide relief on personal loans based on individual circumstances.

No further information on assistance packages was available at this time.

Tanzania

There is currently no information available regarding government or financing initiatives available.  It appears that the government has not employed any grants or assistance to industry within the country.

Madagascar

The Madagascar tax authority has announced the suspension of the bi-monthly CIT instalment payment and an extension to 30 June 2020 for reporting and payment obligations all deductions made on behalf of the State.

While the country is receiving aid from various sources, no specific packages currently available to business.

This may change in the short term and further information will follow as it becomes available.

Comoros

There is currently no information available on any form of relief available in the Comoros.

Please note that no organisation or any link provided here is specifically endorsed by DAN Southern Africa and we take no responsibility for any information provided by these links.

Seychelles

In the midst of the pandemic the government Ministry of Tourism has stepped in to assist with measures in the industry.  It is anticipated that the government will take over salaries in the private sector for a period of time to assist business.

The banking sector is assisting with relief schemes which include:

  • No interest or capital repayments for a period of 6 months or 3 months for individual
  • Loans may be available at low interest rates.  This will include a 6-month payment holiday on repayments and an extension of the repayment term to 3 years.
  • To be eligible for assistance, all business and credit facilities must have been in good order before February 2020.

Private businesses who receive funding directly through tourism establishments with recognised payroll systems and sole traders who are registered with the SRC can submit claims for 3-months salaries.

Minimum wage assistance would be R5,804 and capped at R30,000 as per the Ministry of Finance assistance schemes.  All information and documentation can be found on their website.

Acknowledgements

KPMG
ENSafrica
Bowmans
Deloittes
Posted in
Tagged with

Categories

 2020
 2019
 2018
 2016
Accidents Acid reflux Acute ailments After anaesthesia Air Quality Air exchange centre Air hose failure Airway control Alert Diver Magazine Alternative gas mix Altitude changes Altitude sickness Ama divers Amino acids Anaerobic Metabolism Annual renewal Apnea Apnoea Arterial gas embolism Arthroscopic surgery Aspirin Aurel hygiene BCD BHP BLS Back adjustment Back pain Back treatment Backextensors Badages Bag valve mask Balancing Bandaids Barbell back squat Barotrauma Basic Life Support Batteries Bench press Benign prostate hyperplasia Black Blood flow Blurred vision Bone fractures Bouyancy compensators Boyle's Law Boyle\'s Law Bradycardia Brain Breast Cancer Breath Hold Diving Breath hold Breath-hold Breathing Gas Breathing Breathold diving Broken bones Bruising Buoyancy Burnshield CGASA CMAS CO2 COVID-19 COVID CPR Cabin pressure Caissons diseas Camera settings Cancer Remission Cancer treatments Cancer Cannabis and diving Cannabis Cape Town Dive Festival Cape Town Carbon dioxide Cardio health Cardiological Cardiomyopathy Chamber Safety Chamber science Charging batteries Charles' Law Charles\' Law Charles\\\' Law Charles\\\\\\\' Law Charles\\\\\\\\\\\\\\\' Law Chemotherapy Chest compressions Chiropractic Citizen Conservation Cleaning products Coastalexcursion Cold Water Cold care Cold Commercial diving Commercial schools Compressed gas Conservation Contaminants Contaminated air Coral Conservation Coral Reefs Corals Core strength Courtactions Crohns disease Crowns Crystal build up Crystallizing hoses Cutaneous decompression DAN Courses DAN Profile DAN Researchers DAN medics DAN report DCI DCS Decompressions sickness DCS theories DCS DEMP DM training DReams Dalton's Law Dalton\'s Law Dalton\\\'s Law Dalton\\\\\\\'s Law Dalton\\\\\\\\\\\\\\\'s Law Dauin island Deco dives Decompression Illness Decompression Sickness Decompression illsnes Decompression treatment Decompression Deep water exploration Delayed Offgassing Dental Diaphragms Diseases Dive Chamber Dive Destinations Dive H Dive Industry Dive Instruction Dive Instructor Dive Pros Dive Research Dive Training Dive Travel Dive accidents Dive buddies Dive computers Dive excursions Dive fitness Dive gear Dive health Dive medicines Dive medicine Dive operators Dive safety Dive safe Dive staff Diveleader training Diveleaders Diver Health Diver Profile Diver infliencers Diver on surface Divers Alert Diving Kids Diving Trauma Diving career Diving emergencies Diving emergency management Diving fit Diving guidelines Diving injuries Diving suspended Diving Dizziness Domestic Donation Dowels Dr Rob Schneider Drysuit diving Drysuit valves Drysuits Dyperbaric medicines EAPs EAP Ear pressure Ear wax Ears injuries Education Electronic Emergency action planning Emergency decompression Emergency plans Emergency underwater Oxygen Recompression Emergency Enviromental Protection Environmental factors Environmental impact Environmental managment Equalisation Equipment care Evacuations Evacuation Evaluations Even Breath Exercise Exhaustion Extended divetime Extinguisher Extreme treatments Eye injuries FAQ Failures Fatigue Faulty equipment Fillings Fire Coral Fire Safety Firefighting First Aid Equipment First Aid Kit First Aid Training First Aid kits Fish Identification Fish Fitness Training Fitness to dive Fitness Flying Francois Burman Free Student cover Free diving Free flow Freedive Training Freediver Freediving performance Freediving Gas Density Gas laws Gas mixes GasPerformance Gases Gastoeusophagus Gastric bypass Gastroenterologist Gear Servicing Gordon Hiles Gutt irritations HCV HELP HIRA HMS Britanica Haemorhoid treatment Hazard Description Hazardous Marine life Hazardous marinelife Health practitioner Heart Attack Heart Health Heart Rate monitor Heart rates Heart rate Heart Heat stress Helium Hepatitis C Hepatitus B High temperatures Hip strength Hippocampus Hot Humans Hydrate Hydration Hydrogen Hydroids Hydrostatic pressure Hyperbaric Chamber Hyperbaric research Hyperbarics Hypothermia Hypoxia Immine systems In Water Recompression Indemnity form Indian Ocean Indonesia Inert gas Infections Injections Instinct Instruction Instructors Insurance Integrated Physiology International travel International Interval training Irritation Joint pain KZN South Coast Kidneys Kids scubadiver KwaZulu Natal Labour laws Laryngospasm Learning to dive Legal advice Legislation Leukemis Liability Risks Liability releases Liability Life expectancy Lifestyle Lightroom editing Live aboard diving Liver diseas Low blood pressure Low pressure deterioration Low volume masks Lung function Lung injuries Lung surgery Lung MOD Maintenance Malaria Mammalian Dive Response Mammalian effect Marine Scientists Marine parks Marinelife Master scuba diver Maximum operating depth Medical Q Medical emergencies Medical questionaire Medical statement Medication Middle ear pressure Mike Bartick Military front press Mixed Gas Mono Fins Mooring lines More pressure Motion sickness Muscle pain Mycobacterium marinum Nausea Nautilus Neck pain Neurological assessments Nitrogen build up Nitrox No-decompression Non-rebreather Mask Normal Air Nosebleeds O2 providers O2 servicing OOxygen maintenance Ocean pollution Open water divers Orbital implants Oronasal mask Out and about Outreach Oxygen Cylinder Oxygen Units Oxygen deficit Oxygen deicit Oxygen dificiency Oxygen ears Oxygen equipment Oxygen masks Oxygen supply Oxygen therapy Oxygen P J Prinsloo PFI PJP Tech Part 3 Philippine Islands Philippines Phillipines Photography Physioball Physiotherapy Pills Pistons Planning Plastic Pneumonia Pneumothorax Pollution Pool Diving Post-dive Pre-dive Preparation Prepared diver Press Release Professional rights Provider course Pulmanologist Pulmonary Bleb Pulmonary Edema Pulse Punture wounds Purge RAID South Africa RCAP Radio communications Range of motion Rashes Rebreather diving Rechargeable batteries. Recompression chamber Recompression treatment Recompression Recycle Regulator failure Regulators Regulator Remote areas Renewable Report incidents Rescue Procedure Rescue breathing Rescue breaths Rescue training Rescue Resume diving Risk Assessments Risk assesments Risk assessment Risk elements Risk management SABS 019 Safety Stop Safety Sanitising Saturation Diving Save our seas Science Scombroid Poisoning Scuba Air Quality Scuba Injury Scuba Instructor Scuba children Scuba dive Scuba health Scubalearners Sea Horses Sealife Shark conservation Shark diving Sharks Shoulder strength Sideplank Signs and Symptoms Sit-ups Skin Bends Skin outbreak Skin rash Snorkeling Snorkels Sodwana Bay South Africa Spinal pain Splits Squeezes Stability exercise Standars Stay Fit Stents Step ups Stroke Submerged Sudafed Sulawesi Supplemental oxygen Surface supplied Air Surfaced Surgeries Surgery Suspension training TRavel safety Tabata protocol Tattoes Technical Diving The Bends The truth Thermal Notions Tides Tips and trick Tooth squeeze Transplants Travel tips Travel Tunnelling Tweezers Ultrsound Unconsciousness Underground work Underwater photographer Underwater photography Underwater pho Urinary retention. Vaccines Vagus nerve Valsalva manoeuvers Vape Vaping Vasopressors Vasvagal Syncope Venting Virus infections Volatile fuels Washout treatments Wastewater Water Resistance Water Weakness Weigang Xu West Papua Wet diving bell Wetsuit fitting Wetsuits White balance Wide angles Winter Woman in diving Work of Breathing Workout Wound dressings Wreck divers Wreck dive Wreckdiving Yoga Youth diver abrasion air-cushioned alert diver altitude anemia antibiotics antiseptics bandages barodontalgia bent-over barbell rows bioassays body art breathing air calories burn carbon dioxide toxicity cardiovascular checklist chemo port child clearances closed circuit scuba currents cuts dead lift decompression algorithms decongestants decongestion dehydration dive injuries dive medicing dive ready child dive reflex dive tribe diver in distress diver rescue diver training dive diving attraction doctors domestic travel dri-suits drowning dry mucous membranes dry suits dry e-cigarettes ear spaces elearning electrolyte imbalance electroytes emergency action plans emergency assessment equalizing exposure injuries eyes fEMAL DIVERS fire rescue fitnes flexible tubing frediving freedivers gas bubble gas poisoning gastric acid health heartburn histidine hospital humidity immersion pulmonary edema (IPE jaundice join DAN knee longevity lower stress malaise marine pathogens medical issues medical procedures medical risk assesment medications mental challenge micro-organisims minor illness mucous membranes nasal steroids nasal near drowning nematocysts neurological newdivers nitrogen bubbles off-gassed operating theatre operations orthopeadic outgas pain perforation phillippines physical challenges pinched nerves plasters polyester-TPU polyether-TPU post dive posture preserve prevention psychoactive pulmunary barotrauma rebreather mask rebreathers retinal detachment risk areas safety stops saturation scissors scuba equipment scuba single use sinus infections smoking snorkeling. spearfishing sterilising stings strength sub-aquatic swimmers ears tattoo care tecnical diver thermal protection toxicity training trimix unified standards vision impaired warmers water quality