Covid-19 Financial Interventions & Updates
COVID support offered by AIDC Eastern Cape
Moody’s in October said it expects global auto sales to fall 20 percent in 2020, with a healthy 11.5% percent rebound in 2021. Regardless of the forecasts, recovery in the automotive supply chain is likely to be slow and businesses may remain under strain as buyers...
WATCH NOW: Online Panel Discussion – October 2020
Exporters Eastern Cape hosted an online Panel Discussion on Thursday, 15 October 2020 on the Challenges, Successes, and way forward during the Covid-19 Pandemic and lockdown focusing on the automotive, citrus, port and logistics industries. PANELISTS: Captain Faisal...
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...
WATCH NOW: Optimising the Foreign Exchange Function of your Business
Exporters Eastern Cape hosted its third webinar on Thursday, 25 June 2020 with Offshore FX on optimising the foreign exchange function of your business and conducting sound financial management principles during uncertain times. The webinar touched on: The importance...
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,...
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