9th September 2020
B4SA SUPPORTS UIF TERS EXTENSION
Business for South Africa (B4SA) is pleased to note the announcement by Employment and Labour Minister Thembelani Nxesi of the further extension of the Temporary Employer/Employee Relief Scheme (TERS) operated by the Unemployment Insurance Fund (UIF). It appears that this extension will last until the state of disaster ends, but final confirmation on funding availability for this is awaited.
The scheme will follow the same criteria as it has to date. However, all payments by the UIF have currently been suspended, and we are awaiting updated information as to when payments will resume, and as to when claims under the extension may be lodged.
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OFFICIAL GOVERNMENT REGULATIONS AND GUIDELINES ON COVID-19
All official government regulations and guidelines are available at https://www.gov.za/coronavirus/guidelines
Business for South Africa fully supports the decisive action taken by President Cyril Ramaphosa and the government to help mitigate the health, labour market and economic impacts of the coronavirus. As organised business, we are actively collaborating with government to use business resources and capacity to support public sector initiatives.
We have mobilised volunteer resources from across South Africa business bodies and organisations, member companies large and small, professional services firms as well as communication specialists, to form focused working groups that are driving a coordinated and proactive programme to mitigate the economic, social and health impacts of COVID-19 on South Africa.