The Managing Director of Vrede Textiles informed the Committee that the loan which Vrede Textiles received from the IDC managed to pay off their Accounts Payables (creditors). Vrede Textiles further applied for exemption from wage increases and annual bonuses for 2009 due to the difficult position they found themselves in. If they were to pay annual bonuses, bonuses alone would amount to R400k (excluding holiday pay). Vrede Textiles do not foresee having such funds available in view of their losses in 2009. It was only in October 2009 that Vrede Textiles exceeded R1m turnover for the month and that was the most for 2009.