Legal updates and opinions
Author
News / News
Deadline for submission of COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”) applications
By Jacques van Wyk, Director and Thabisa Yantolo, Candidate Attorney
On 30 April 2020 the Department of Employment and Labour released a statement regarding the deadline for submission of applications under the COVID-19 relief scheme. The statement can be found at: http://www.labour.gov.za/department-of-employment-and-labour-dispels-myths-that-it-has-reached-deadline-for-lockdown-relief-claims.
The Department has confirmed that the deadline for doing so has not yet been reached. The period for the benefit will depend on the Memorandum of Agreement concluded between the employer and the UIF but it will not exceed 3 months. The Department has also stated that employers should continue to apply for the TERS relief benefits until the Department indicates otherwise.
Latest News
CFC Rules and SA Dividends – A Trap for the Unwary
Introduction The controlled foreign company (CFC) rules are contained in section 9D of the Income Tax Act, 1962 (the Act) and [...]
Understanding the Concept of the “Lock-Box”/”Locked Box” Mechanism in the Mergers and Acquisitions Space
"Lock-box" mechanism vs closing date account mechanism Parties to M&A deals usually have a particular price and/or valuation methodology in [...]
A Fiesta of Sports and IP
Over the past month or so, the world has been spoilt for choice with fiesta of sporting events from [...]
What lies ahead with respect to the employment of national Director-Generals amidst the new ministerial appointments?
As we tread new territory with a diverse cabinet, firmly moving into a new dispensation in our public administration, it [...]
Draft Prudential Standard and Proposed Guidance Note on Liquidity Risk Management for Insurers
By Slade van Rooyen, Candidate Attorney, reviewed by Natalie Scott, Director and Head of Sustainability On 28 May 2024, the [...]
PAIA Report Deadline – 30 June 2024
Attention all private and public entities; the deadline for submission of your report detailing all the requests for access to [...]
