Corporate Newsletter 23-04-2020

DEAR VALUED YES PARTNER

Used by Hippocrates, the word crisis, has its origins in the early 15 century, as the word, crise in Latin or krisis in Greek. Ironically, crise or crisis as we now know it, derives from medical terminology, and describes a ‘vitally important or decisive state of things, a point at which change must come, for better or worse,’ and still further from the PIE root krei, to ‘sieve, discriminate and distinguish’.

And distinguish it does, COVID-19 has affected us all for better or worse, how we respond, is what will distinguish us, our companies and our country’s future. Millions will be affected by the economic pressures lockdown is placing on business and household incomes. Together, it falls upon us to stay the course. The alternative cannot be contemplated.

Through this economic uncertainty and the many tough decisions we know you are faced with, we thank you as you continue to walk with us and the 1 010 corporate partners who’ve continued to say YES to their youth despite current pressures. YES has even received registrations from new companies committing to jobs in the past two weeks!

NOW MORE THAN EVER, IT MATTERS

BREAKING NEWS, THE YES RESPONSE

Brand new jobs have been created by YES and partners Netcare and Exemplar Retail. These new jobs for youth and in small business are happening in townships, with local manufacturing and the distribution of masks by YES Youth. Already 20 000 masks have been produced and the operations are spreading to multiple townships, bringing much-needed capital injections into fragile local economies. If we remain calm, creative and committed to recovery, our resourceful networks will uncover opportunities to craft a new way of existing with each other and across our glaring economic divides. Our response is what will distinguish us all.

YES IMPACT TO DATE

YES, WE ARE AT WORK FOR YOU

Our team is fully operational and at your service to ensure that your YES Youth stay on track to complete their quality work experiences. The income they earn has become a lifeline in many of their communities and homes. Youth in lockdown have been working on their zero-rated, Yes4Youth digital courses. Newly introduced COVID-19 management modules have been added to inform youth so they can act as ambassadors and educators in their communities, flattening the curve and slowing the spread of COVID-19.

SOME GOOD NEWS STORIES AMIDST IT ALL

Buhle has reached her target of R35 000 and is set for a year’s salary!

What a difference a YES makes. Thanks to the many friends of YES, another one of our FundAFuture candidates will have her dream come true this year!

Click here to fund a future

COVID-19 dti NOTE ON YES
B-BBEE COMPLIANCE

YES has received an important response from the dti on B-BBEE verification rules and the impact of COVID-19 on businesses:

“The dti is aware that the COVID-19 pandemic and the [lockdown] poses significant challenges to all businesses to which the participants in the Y.E.S. initiative are not immune… Participants must take comfort in the knowledge that they will not be punished for circumstances beyond their control when implementing the Y.E.S. Initiative. Those who have and continue to partake in the Y.E.S. Initiative in good faith will see the accompanying B-BBEE Recognition upheld.”

Please contact us for more information or see dti response here.

VISIONARIES WITH A 10-YEAR VIEW, ARE THE ONES THAT WIN THROUGH

Supporting you through the COVID-19 pandemic and lockdown period

Hats off to our essential service A-team players working hard across various sectors to keep us healthy, fed and the wheels turning, generally. We salute and thank you for working with us in solidarity to employ youth. A nation that works needs its youth to work. Saying YES to employing youth offers you not only our tax incentive or B-BBEE level up benefit, but also makes a significant impact in the lives of unemployed youth, their households and communities. Youth are potentially the most vulnerable and hardest hit by this outbreak.

We appeal to companies out there to join the 1010 companies already registered with YES, in giving more youth their first chance, spread dignity through work, so that the fall-out after lockdown can be somewhat stemmed. We cannot afford to leave another generation behind.

Temporary employer/employee relief scheme (TERS)

All YES youth qualify for employee benefits.

The UIF funds can help keep jobs secure now and into the coming months. The Department of Labour has approved a temporary employer/employee relief scheme (#COVID-19 TERS Benefit) whereby employers can pay employees with funds made available by the UIF as a TERS allowance.

Click here for more information

Employment tax incentive (ETI) reimbursements

Employers can claim the ETI on a monthly basis if they employ qualifying employees. If this is not claimed (and certain conditions are met), then SARS reimburses the employer after the 6-month and 12-month reconciliation period is completed. SARS will speed up the payment of these reimbursements to monthly payments.

Click here for more information

Helping local businesses survive
COVID-19 through COBRA War Room

COBRA (COVID Business Rescue Assistance) War Room is a crisis management centre that aims to assist and sustain South African businesses through the COVID-19 pandemic with free services to help coordinate bank, government and stakeholder support. If required, a structured business rescue process can be initiated to help restore affected companies, using all the resources at COBRA’s disposal including data assimilation, trend tracking, triage, decision support, communications, resource management, learning and development, and change management disciplines.
Loyal YES members and youth supporters, IQ Business and their CEO, Adam Cracker, is involved in this valuable project.

Click here for more information

SAY NO TO FORCE MAJEURE

Announcing a two-week extension of the national lockdown to halt the spread of COVID-19, President Cyril Ramaphosa appealed to big businesses in South Africa not to opt for force majeure in the interests of the country’s economy.

“I would like to call on all businesses to continue to pay their suppliers, to the extent that they can, to ensure that those suppliers can also continue to operate and pay their staff and suppliers.” – President Cyril Ramaphosa

SALUTING YES HEROES WITH A BADGE

Congratulations on changing the lives of 34 683 young people through giving youth a YES for their first chance!

Lead from the front by displaying the “A Proudly YES member” badge on your website and/or social media. Saying YES matters now more than ever. We look forward to customising your YES badge for you. Email corporatesupport@yes4youth.co.za to make a request.

Best regards, wishing you health and safety
The YES Team