On 26 March 2020, South Africa went into lockdown. As part of the regulations enacted by President Ramaphosa in terms of the Disaster Management Act, all non-essential businesses were required to cease trading.

How are uncertainties dealt with in financial statements? The Covid-19 outbreak and the actions taken by the South African Government and other governments around the world have created a state of uncertainty.

The 21 day national lockdown has brought with it many changes, the majority of which are not constant either.

Following the announcement by President Cyril Ramaphosa that government will be introducing tax measures to combat the effects of the COVID-19 pandemic on businesses.

As we enter this period of uncertainty, you might be wondering how COVID-19 will affect your business. Typically, payroll and rental are the two biggest financial obligations.

Small businesses are often dynamic and agile. Now is the time to use your size to your advantage.