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
The Law on Guarantees revisited and confirmed
and Justin Duarte - Candidate Attorney Bonifacio and Another V Lombard Insurance Company Limited Case No.: 247/2023 The nature of [...]
European Union: Partial Revocation for Big Mac
A registered trade mark is vulnerable to revocation or cancellation for non-use if it has not been used for the [...]
A Lifeline for ESG in Investment Funds?
The battle over environmental and social governance principles continues round after round with the latest battle having been won by [...]
CFC Rules and SA Dividends – A Trap for the Unwary
Introduction The controlled foreign company (CFC) rules are contained in section 9D of the Income Tax Act, 1962 (the Act) and [...]
Understanding the Concept of the “Lock-Box”/”Locked Box” Mechanism in the Mergers and Acquisitions Space
"Lock-box" mechanism vs closing date account mechanism Parties to M&A deals usually have a particular price and/or valuation methodology in [...]
A Fiesta of Sports and IP
Over the past month or so, the world has been spoilt for choice with fiesta of sporting events from [...]
