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
Working from home, the double-edged sword for sustainability
The advent of the global COVID-19 pandemic and the lockdowns implemented by various governments across the world to curb the [...]
62 years on – Exchange control regulations alive and well: a look at a recent supreme court of appeal case
by Deon Griessel, Director and Ngwalemorwa Matsapola, Candidate Attorney Much like certain former Soviet Republics, the People's Republic of China, [...]
The FAFT, trusts and transparency in South Africa
Over the past 10 years, there has been large-scale domestic and international financial fraud in South Africa. Sometimes, trusts and [...]
Budget Speech 2023/2024: Tax Overview
Budget Speech: Tax Overview By: The Werksmans Tax & Exchange Control Team Download PDF INTRODUCTION Minister of Finance Enoch Godongwana [...]
Chambers Global 2023
Chambers Global released its 2023 rankings. Published annually since 1999, Chambers covers legal markets of 200 jurisdictions by researching firms and [...]
Increase to BCEA earnings threshold
On 20 February 2023 the Minister of Employment and Labour, Thembelani Waltermade Nxesi, published a Government Gazette providing for the [...]
