Tag Archives: break-even

Termination of Government support in paying staff UIF/TERS could lead to the death of the restaurant industry!

 

A survey conducted amongst restaurants by the international hospitality Esus-Group, has found that many restaurants reopened for Lockdown Sit-Down Service from 30 June, as the date coincided with the end date of the Government paying employees UIF/TERS, restaurants therefore being forced to reopen to be able to pay their staff. Sadly this may lead to the death of the restaurant industry, as they are using valuable cash to run a business which now has a turnover of 20% of that of last winter, the study shows! Continue reading →