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What should ASATA members be doing right now?

In addition to keeping tabs on the Government interventions discussed above, ASATA members are encouraged to take the following actions to preserve their cash flow in the short term:

  • Consider our employment FAQ for options such as short time and temporary lay-offs. This is the single biggest cost saving measure you can employ now.
  • In extreme cases, consider whether you shouldn’t close your business temporarily.
  • Apply for the Temporary Employer Relief Scheme. In order to do this, you will have to create a turnaround strategy and implementation plan. You should start that immediately.
  • Speak to your banks regarding debt relief measures and short-term financing options.
  • Speak to your landlords regarding deferred payment of leases.

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