The unexpected Covid-19 pandemic and the resultant economic downturn have resulted in further revising the CTFLGP to allow for immediate relief to affected companies.

Thus, for the year ending 31 March 2021, the CTFLGP will comprise of a Working Capital Interest Subsidy (WCIS) only. This fund is an interest subsidy at the prevailing prime interest rate on working capital loans to the benefit ceiling of R700 000 per applicant, as detailed in the guidelines. Guidelines for further programmes (including the revised PIP and CIP) are expected to be distributed by 31 March 2021.

“NOTE: Closing date extended to 31 March 2021 with applications to be processed on a first come first served basis, subject to availability of funds.”