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GENRIC Insurance Company has stepped up to support the Government's Solidarity Fund. President Cyril Ramaphosa announced the creation of the Solidarity fund in his address on Monday 23 March in an effort to mitigate the economic impact of the coronavirus and the 21-day lockdown which commenced 27 March 2020.
In a letter to government, South Africa’s largest Section 12J (S12J) manager, Westbrooke Alternative Asset Management, has asked the minister of finance to help fast-track emergency amendments to the Section 12J legislation so that up to R6 billion of investor capital can be more speedily invested in SMMEs during the Coronavirus pandemic.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?