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.
The Congress of South African Trade Unions (COSATU) has called Government's move to not extend the Covid-19 Temporary Employer/Employee Relief Scheme 'reckless' and 'outrageous'. They are now calling on the President to extend TERS funds and are saying that this will have many question who is in charge.
It is now your last chance to apply to benefit from the Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has said that they will make sure that all the outstanding valid claims are paid.
The Unemployment Insurance Fund has exceeded R51 billion in payments for Covid-19 Temporary Employer-Employee Relief Scheme (TERS). The fund has now said that they will make sure that all the outstanding valid claims are paid.
Now that Government has officially announced that they'll be extended the R350 Special Relief of Distress grant for another three months, will the Unemployment Insurance Fund follow? Everyone is now asking whether the Temporary Employer/Employee Relief Scheme (TERS) will now also be extended for another three months.
The Unemployment Insurance Fund (UIF) has now resumed Temporary Employee/Employer Relief Scheme (TERS) payments to beneficiaries. Beneficiaries will now start receiving funds are payments were suspended for two weeks due to an investigation at the fund.
UIF has said that their recent calculations are correct and up to date due to system changes. This comes after the Auditor-General's report showed that calculations for TERS payments were done incorrectly and a billion rand was lost.
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.
Teboho Maruping, Commissioner of the Unemployment Insurance Fund (UIF) has been placed on precautionary suspension. This is following an investigation into the UIF covid-19 relief fund. The R500 billion relief fund was set up to give financial assistance to workers who either had their salaries cut or lost their jobs as a result of covid-19.