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
Treaty residence of mobile South Africans – An interesting UK tax case
Treaty residence of mobile South Africans The tax residence status of a natural person with a mobile lifestyle recently formed [...]
The case for South Africa’s business rescue procedure – Commissioner of Sars v Louis Pasteur Investments (Pty) Ltd and others
South Africa's business rescue procedure by Eric Levenstein, Head of Insolvency, Business Rescue & Restructuring and, Brandon Starr, Candidate Attorney [...]
Important notice for Kenya imports
Intellectual Property rights ("IPR") owners who import goods into Kenya Mandatory recordation of Intellectual Property Rights as of 1 July [...]
Business Rescue plan South Africa
Business Rescue Plan 1. What is a business rescue plan? A business rescue plan is a plan developed and, if [...]
FSCA’s draft transformation strategy – A step in the right direction?
FSCA: Draft Transformation Strategy On 28 February 2022, the Financial Sector Conduct Authority ("FSCA") published a draft financial sector transformation [...]
FAQ | Opportunities for investors arising from the South African business rescue process
The South African business rescue process has created the opportunity for investors (local and foreign) to position themselves in order [...]
