Legal updates and opinions
News / News
Update: COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”) Extension
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
On 7 September 2020 the Minister of Employment and Labour, Thembelani Waltermade Nxesi, (“Minister“) published a COVID-19 TERS Direction (“Direction“). The Direction extends the COVID-19 TERS benefit.
The Direction is deemed to have commenced on 16 August 2020. The Direction will remain in operation for the duration of the declaration of a national disaster or until the Minister withdraws the Direction. Our more detailed article on the Direction may be accessed at: https://werksmans.com/legal-updates-and-opinions/urgent-update-covid-19-temporary-employer-employee-relief-scheme-ters-2/.
The Direction may be accessed at: https://www.gov.za/sites/default/files/gcis_document/202009/43693gon968reg11172.pdf.
In addition, the Department of Employment and Labour (“Department“) published a statement on the extension of the TERS benefit payments (“Statement“). Key aspects of the Statement are as follows: –
- The TERS benefit has been extended to 15 September 2020;
- The Unemployment Insurance Fund (“UIF“) will accept applications for the period March 2020 to end of July 2020 until 15 September;
- The UIF will accept applications for August 2020 to 15 September until 30 October 2020; and
- No further applications will be accepted beyond the closing dates.
The full statement may be accessed at: https://www.gov.za/speeches/employment-and-labour-extends-uif-covid-19-ters-relief-benefif-payments-7-sep-2020-0000.
Latest News
Can crypto assets be exported?
The movement of crypto assets between digital wallets The Financial Surveillance Department of the South African Reserve Bank or "FinSurv" [...]
The COMESA Competition Commission’s increasing emphasis on competition enforcement and conduct cases
The COMESA Competition Commission 1. The Common Market for Eastern and Southern Africa (COMESA) covers 21 countries namely Burundi, the [...]
Burger King merger approved – what role will black ownership play in future mergers?
Burger King merger 1. The Competition Commission's prohibition in June 2020 of the sale of Burger King (South Africa) (RF) [...]
Section 161 of the Companies Act and a shareholder’s claim for reflective loss
Section 161 of the Companies Act In terms of the South African common law, a shareholder does not have the [...]
Notification of data breaches… setting the record straight
Report data breaches "We reminded them of their duty to report any breach in data security to us. The report [...]
The requirements for Rescission Applications, restated
The requirements for Rescission Applications The Constitutional Court recently handed down judgment in what was effectively a refresher course on [...]
