Covid-19 Financial Interventions & Updates
Vehicle exports for the first half of year currently reflects a massive decline
The entire motor industry was able to resume full operation in June 2020 under the current COVID-19 country lockdown restrictions. Although markedly up from the previous two months, the new vehicle market continued to remain under severe pressure. Vehicle exports for...
WEBINAR: Optimising the Foreign Exchange Function of your Business
Join Exporters Eastern Cape and Offshore FX on Thursday, 25 June 2020 at 11:00 for a discussion on optimising the foreign exchange function of your business and conducting sound financial management principles during uncertain times. The webinar will touch on: The...
Vehicle export numbers are anticipated to start gaining momentum again
Although export sales, at 10 819 units, registered a big fall of 19 333 units or a decline of 64,1% compared to the 30 152 vehicles exported in May last year, this was an improvement on April 2020 considering that many of the vehicle manufacturers will only commence...
VWSA resumes production and exports
Uitenhage plant restarts production in line with Level 4 lockdown regulations 100-point plan implemented to protect employees on site Uitenhage – Following a gradual ramp-up of its local production, the Volkswagen Group South Africa (VWSA) plant in Uitenhage has...
WATCH NOW: Impact of Covid-19 on Banking Sector – May 2020
Banks play a vital role in the economy and accept that as a designated essential service it is their duty to remain accessible and support their customers during these challenging times for all South Africans. Exporters Eastern Cape hosted its second webinar...
WATCH NOW: IDC Webinar – April 2020
Exporters Eastern Cape hosted its first webinar on Wednesday, 29 April 2020 with Kingsley Dell-Robertson from the Industrial Development Corporation (IDC) as guest speaker. See below the second newsletter from IDC outlining the funding opportunities available and the...
IDC Funding Interventions Webinar
Join Exporters Eastern Cape and the Industrial Development Corporation (IDC) on Wednesday, 29 April 2020 at 11:00 for a discussion on the Covid-19 funding interventions available and the steps companies need to take to access these interventions. Topic: How IDC can...
Covid-19 Financial Interventions
1. Banking Sector The Department of Trade, Industry and Competition has passed regulations in the banking sector providing various exemptions. These will permit banks to work together to the benefit of small businesses, consumers and firms in distress. Currently,...
IDC Covid-19 Funding Interventions
IDC is aware of the strain that companies are experiencing during this period. As a consequence, IDC – your partner and development funder of choice – have devised a range of Covid-19 funding interventions aimed at alleviating the impact of this pandemic on our...
Propella Team Develops Low-Cost Automated Bag Mask Ventilator
Seeing the need for devices to assist people suffering from Corona-19 and other diseases, a multi-disciplinary team of innovative young engineers based at the Propella Business Incubator in Port Elizabeth have dropped all their other projects to develop a low-cost bag...
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