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
Share Repurchases, Schemes of Arrangement and the Takeover Regulations
Share Repurchases, Schemes of Arrangement and the Takeover Regulations by Brian Price, Director and Raquel Goncalves, Candidate Attorney Since the [...]
Update: COVID-19 Temporary Employer / Employee Relief Scheme (“Ters”) audit pack
by Jacques van Wyk, Director and Andre van Heerden, Senior Associate On 27 November 2020 the Department of Employment and [...]
Information Regulator issues Guidelines for the development of Codes of Conduct effective 1 March 2021
by Ahmore Burger-Smidt, Director and Head of Data Privacy Practice and member of Competition Law Practice; and Dimakatso Khumalo, Candidate [...]
Update: extension of the COVID-19 Temporary Employer / Employee Relief Scheme
by Jacques van Wyk, Director and Andre van Heerden, Senior Associate On 18 February 2021 the Department of Employment and [...]
MTI: An example of why crypto assets should be declared financial products
by Natalie Scott, Director; and Kyra South, Associate On 7 July 2020, the Texas State Securities Board issued an emergency [...]
Increase to BCEA earnings threshold
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney On 8 February 2021 the [...]
