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Tag: Unemployment Insurance Fund (UIF)

PODCAST | Countdown to the end of UIF TERS and with...

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An interview with Lauren Salt, Executive, Employment, ENSafrica, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the most recent changes to the Unemployment Insurance Fund (UIF) Temporary Employer/Employee Relief Scheme (TERS), also referred to as UIF TERS - specifically the new directive 2.3.1,  the implications for employers claiming benefits and the future of the COVID-19 relief scheme.

Sick leave and self-isolation – a guide for employers

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With the increasing number of COVID-19 infections, employers must deal with employees who test positive for the virus, those who come into contact with individuals who test positive, and those who present with COVID-19 related symptoms. It is therefore important for employers to understand when sick leave must be used.

Rebuilding and restructuring post lockdown

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With the easing of the nationwide lockdown in response to the COVID-19 pandemic through the Government's 'Risk Adjusted Strategy' (comprising of five lockdown levels), more and more business can lawfully operate again. As a result, employees will be returning to work and employers will be obliged to remunerate them again.

Be financially level-headed during the COVID-19 crisis

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The economic impact of COVID-19 is being felt increasingly by individuals and businesses across the country. The simple fact that the Unemployment Insurance Fund (UIF) has been swamped with applications and already paid out well over R4 billion in UIF claims is clear evidence of the strain being felt by many households.

Supplementary Budget 2020 | SA Finance Minister Tito Mboweni’s Speech

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The Supplementary Budget 2020 was tabled to Parliament on 24 June 2020 by South African Finance Minister Tito Mboweni.

Mistakes that are being made on the files submitted to TERS

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To date, the Unemployment Insurance Fund’s Temporary Employee Relief Scheme (TERS) has paid over R15,7-billion to 2,288,295 in its COVID-19 relief payments. Many employers, however, are still having their applications rejected. Small, seemingly insignificant discrepancies in submissions are seen as mistakes and will lead to the submission being rejected.

Awakening the economy from COVID-induced coma

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President Cyril Ramaphosa presented the five-level, risk-adjusted strategy that will guide South Africa’s emergence from lockdown. As the finer points of the strategy were shared, it became clearer how - and when - certain sectors will once again gear up into activity.

UIF TERS top-up confusion

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With the payment of the first COVID-19 Temporary Employee / Employer Relief Scheme (TERS) benefits, various misunderstandings have come to the forefront.

Government adds to COVID-19 economic relief

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We have prepared a short summary and useful infographic following the president’s announcement of a R500 billion economic and social relief package in his address on Tuesday night 21 April 2020. The source of the remainder of the R500 billion financing outside of the R200 billion loan guarantee scheme, budget reprioritisation of R130 billion and around R100 billion from multilateral sources and global partners

SME lockdown survival

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The next few weeks (and beyond) will be a testing time particularly for smaller businesses. Best to see it as a stress test, a way to make your business stronger.

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