{"id":211517,"date":"2021-05-26T06:48:08","date_gmt":"2021-05-26T04:48:08","guid":{"rendered":"http:\/\/www.chrisvonulmenstein.com\/blog\/?p=211517"},"modified":"2021-05-26T06:49:35","modified_gmt":"2021-05-26T04:49:35","slug":"johann-rupert-remgro-covid-19-sukuma-fund-make-r100-million-loan-available-to-struggling-restaurants","status":"publish","type":"post","link":"https:\/\/www.chrisvonulmenstein.com\/blog\/cape-town\/johann-rupert-remgro-covid-19-sukuma-fund-make-r100-million-loan-available-to-struggling-restaurants\/","title":{"rendered":"Johann Rupert &#038; Remgro Covid-19 Sukuma Fund make R100 million loan available to \u2018struggling restaurants\u2019!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?ssl=1\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-211521\" src=\"https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?resize=300%2C225&#038;ssl=1\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/www.chrisvonulmenstein.com\/blog\/wp-content\/uploads\/2021\/05\/007BC3F0-13C1-4CD2-B083-ABD1A61940F8.jpeg?w=640&amp;ssl=1 640w\" sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/><\/a>Heartening news for restaurants which have closed down or face this dilemma as a Covid Third Wave threatens is that the Rupert Family Fund and Remgro will make R100 million available to \u2018<i>struggling restaurants\u2019,<\/i> reports Fin24.<\/p>\n<p>The monies have been made available in partnership with FEDHASA, the \u00a0Hospitality industry association. The R100 million is money left over from Rupert\u2019s R1 billion Sukuma Fund, which Johann Rupert pledged at the start of the Covid-19 Lockdown in March 2020.<\/p>\n<p><!--more--><\/p>\n<p>The Fund will support restaurants in providing relief with rentals, and to boost their working capital. The specifications for receiving funding support are as follows:<\/p>\n<p>#. \u00a0Membership of FEDHASA<\/p>\n<p>#. \u00a0Independent ownership<\/p>\n<p>#. \u00a0Financially solvent<\/p>\n<p>#. \u00a0Regulation Compliant<\/p>\n<p>#. \u00a0Viable future<\/p>\n<p>Restaurants can apply for unsecured, interest-bearing loans of between R250000 &#8211; R1 million, \u00a0repayable over five years, the first year being interest-free.<\/p>\n<p>FEDHASA estimates that 30% of restaurants have closed down during Lockdown. The Association says many \u2018<i>are still struggling to recover, and are on the brink of closure<\/i>\u2019.<\/p>\n<p><strong>Chris von Ulmenstein, WhaleTales Blog: www.whaletalesblog.com www.chrisvonulmenstein.com\/blog Tel +27 082 55 11 323 Twitter:@Ulmenstein Facebook: Chris von Ulmenstein, My Cape Town Guide\/Mein Kapstadt Guide\u00a0Instagram: @Chrissy_Ulmenstein @MyCapeTownGuide<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><iframe class=\"wp-embedded-content\" title=\"\u201cAbout Chris von Ulmenstein\u201d \u2014 Whale Tales Blog\" src=\"https:\/\/www.chrisvonulmenstein.com\/blog\/about\/embed\/#?secret=OsLsr2jJsj\" width=\"600\" height=\"258\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-scripts\" data-secret=\"OsLsr2jJsj\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Heartening news for restaurants which have closed down or face this dilemma as a Covid Third Wave threatens is that the Rupert Family Fund and Remgro will make R100 million available to \u2018struggling restaurants\u2019, reports Fin24. The monies have been made available in partnership with FEDHASA, the \u00a0Hospitality industry association. The R100 million is [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[3,124,39707,266,39790,20,528,32565],"tags":[32378,39709,24,39455,42889,42891,12158,42887,39791,13315,42888,22337,42886,42885,42890,1528],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.5 - aioseo.com -->\n\t<meta name=\"description\" content=\"Heartening news for restaurants which have closed down or face this dilemma as a Covid Third Wave threatens is that the Rupert Family Fund and Remgro will make R100 million available to \u2018struggling restaurants\u2019, reports Fin24. The monies have been made available in partnership with FEDHASA, the Hospitality industry association. 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The R100 million is"},"aioseo_meta_data":{"post_id":"211517","title":null,"description":null,"keywords":[],"keyphrases":{"focus":[],"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[],"defaultGraph":"Article","defaultPostTypeGraph":""},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","location":null,"local_seo":{"locations":{"business":{"name":"","businessType":"","image":"","areaServed":"","urls":{"website":"","aboutPage":"","contactPage":""},"address":{"streetLine1":"","streetLine2":"","zipCode":"","city":"","state":"","country":"","addressFormat":"#streetLineOne\n#streetLineTwo\n#city, #state #zipCode"},"contact":{"email":"","phone":"","phoneFormatted":"","fax":"","faxFormatted":""},"ids":{"vat":"","tax":"","chamberOfCommerce":""},"payment":{"priceRange":"","currenciesAccepted":"","methods":""}}},"openingHours":{"useDefaults":true,"show":true,"alwaysOpen":false,"use24hFormat":false,"timezone":"","labels":{"closed":"","alwaysOpen":""},"days":{"monday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"tuesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"wednesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"thursday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"friday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"saturday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"sunday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"}}}},"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2021-05-24 19:25:35","updated":"2022-09-15 18:14:56","seo_analyzer_scan_date":null,"focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.chrisvonulmenstein.com\/blog\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.chrisvonulmenstein.com\/blog\/category\/cape-town\/\" title=\"Cape Town\">Cape Town<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tJohann Rupert &amp; 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