4SA calls for a reverse decision to halt TERS funding

Business lobby group Business for South Africa said it has learnt the government will not extend the Temporary Employer/Employee Relief Scheme to cover applications beyond mid-September. The scheme was introduced in March to help employers in distress provide wage benefits to employees via the Unemployment Insurance Fund. B4SA's Robert Legh spoke with eNCA's Devan Murugan. Courtesy of #DStv403

 

JOHANNESBURG - Business lobby group Business for South Africa said it has learnt government will not extend the Temporary Employer/Employee Relief Scheme to cover applications beyond mid-September.

The scheme was introduced in March to help employers in distress provide wage benefits to employees via the Unemployment Insurance Fund.

READ: UIF temporary relief scheme suspended over fraud risks

It was one of the main components of President Cyril Ramaphosa's R500-billion COVID-19 relief package.

Robert Legh from B4SA said the information came as a shock.

READ: October deadline for employers to submit UIF claims

Legh said the decision could have a greater impact on the UIF relief fund as employers may retrench employees without the benefit.

Cosatu tweeted their censure for the decision, saying, "the Congress of South African Trade Unions is deeply incensed by the reckless and insensible decision by the National Coronavirus Command Council(NCCC) to unilaterally cancel the Unemployment Insurance Fund (UIF)’s Covid-19 Temporary Employment Relief Scheme (TERS)."

Source
eNCA

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