Legal updates and opinions
News / News
Update: Resumption of Temporary `Employer / Employee Relief Scheme (“TERS”) payments
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
On 26 August 2020 the Department of Employment and Labour published a statement announcing the resumption of the payment of TERS benefits after there had been a 24 hour suspension thereof.
The suspension was reportedly necessary to “address some control deficiencies” in the TERS online payment system. The UIF Commissioner stated that the suspension of payments is something which is done regularly when there are certain anomalies identified that increase the risk or exposure to potential fraud. Payments had also been stopped at the instruction of the UIF’s Internal Audit and Risk Management Units.
The full statement may be accessed at: https://www.gov.za/speeches/employment-and-labour-lifts-delay-coronavirus-covid-19-ters-benefit-payments-26-aug-2020.
Latest News
Top ten risks for creditors of companies going into Business Rescue in 2021
Chapter 6 of the Companies Act No. 73 of 2008 Continued pressure on business and world economies due to the [...]
Information officers take note!
Promotion of Access to Information Act, 2000 regulations 1. The long-awaited Promotion of Access to Information Act, 2000 regulations ("the [...]
Advancing credit to financially distressed companies – warning signals for suppliers and creditors?
Advancing credit to financially distressed companies Continued pressure on business and world economies due to the ongoing battle with the [...]
A bank’s choice of forum – what does the law say?
Setting the Scene It is common practice for consumers to take up mortgages and purchase motor vehicles on credit from [...]
Draft standards on address data published for public comment
Draft standards on address data 1. The Protection of Personal Information Act 4 of 2013 ("POPIA") has a wide application [...]
Treasury modifies the interest limitation proposals
Proposed interest limitation rules In 2019 Treasury released a discussion document dealing with the proposed interest limitation rules that would [...]
