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
Can TWiT.tv prevent Twitter from expanding its business? The dangers of co-existence agreements
VS An interesting spat is on the brew between TWiT.tv and Twitter. Most of us are aware of the Twitter [...]
You, robot
Science fiction – love it or hate it. However, the allegory presented by science fiction directs our thinking in a [...]
The use of alcohol in the workplace
An employer who is faced with an employee who is under the influence of alcohol in the workplace may, in [...]
Financial Provisioning Regulations, 2017
On 20 November 2015, the National Environmental Management Act No. 107 of 1998 ("NEMA") "Financial Provisioning Regulations, 2015" GNR1147 GG 39425 ("2015 [...]
Informal restructuring or business rescue
Business rescue proceedings are formal legislated proceedings, under Chapter 6 of the South African Companies Act 71 of 2008 ("The [...]
Application of the participation exemption to the disposal of shares by a controlled foreign company
INTRODUCTION The participation exemption provides a useful and simple tax planning tool which should always be considered when dealing [...]
