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After President Cyril Ramaphosa extended the adjusted alert Level 3 lockdown, the Democratic Alliance has called on the government to extend the UIF TERS Scheme. 


 

The festive season can be tough for many people, especially those who have recently not been able to work due to COVID-19. Which is where UIF comes in, they have created a fund which provides workers with payments to help them while they are unable to return to work.


Now that President Ramaphosa has extended the National State of Disaster to 31 January 2021, it begs the question, will the Unemployment Insurance Fund be extending the Covid-19 TERS fund as well? Well, here's what we know.


The Unemployment Insurance Fund is now under fire as it announced the end of the Temporary Employer/Employee Scheme. The UIF's Commisioner has now spoken on the situation saying that TERS was only supposed to be for three months.


Business for South Africa calls for Government to extend the Covid-19 Temporary Employer/Employee Relief Scheme as it was found that the Unemploymnt Insurance Fund does indeed have the funds to do so. The scheme was set up and launched in March and applications closed in September.


More than 2.2 million South Africans have lost their jobs during the lockdown period. Many have turned to the UIF, hoping for financial assistance. The fund has paid out more than R49bn since the Temporary Employer/Employee Relief Scheme (TERS) was introduced at the beginning of the lockdown.


The Unemployment Insurance Fund (UIF) has decided to suspend payments of its covid-19 relief scheme. The payment of funds has been suspended because of the ongoing investigation led by the Auditor General, Kimi Makwetu.


The Department of Employment and Labour has made the decision to extend TERS payments. This comes as South Africans are still seen being effected and battling with the impact the pandemic has had on the job sector. 

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