Legal updates and opinions
News / News
Urgent update: COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”) deadlines and delay in payments
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
On 15 September 2020 the Department of Employment and Labour published a statement regarding the new deadlines for TERS applications and the delay in payments (“statement“).
According to the statement, deadlines for the TERS applications have been extended. No applications will be accepted beyond the new deadline dates. Claims which have already been submitted will not be affected by the deadline.
The new dates are the following:
- March 2020 to May 2020, applications close on 25 September 2020;
- June 2020, applications close on 15 October 2020; and
- July to 15 September 2020, applications close on 30 October 2020.
The statement also notes that the TERS payments are currently still on hold. This is due to the Unemployment Insurance Fund (“UIF“) working with the Department of Home Affairs and other government databases to verify the identity documents in those who applied for the benefit.
The full statement may be accessed at: http://www.labour.gov.za/unemployment-insurance-funds-announces-new-closing-dates-for-covid-19-ters-benefit-payments.
Latest News
The meaning of the term ‘pay back’ in a settlement agreement
Genrec Engineering (Pty) Ltd v Metal and Engineering Industries Bargaining Council and Others [2016] ZALCJHB 213 (17 June 2016) ISSUE [...]
The impact of Mitchell judgement on purchases of immovable property from an insolvent estate
In a recent judgement, of City Tshwane Metropolitan Municipality v PJ Mitchell (38/2015) (2015) ZASCA, the Supreme Court of Appeal ruled that [...]
Tread carefully when merging: tribunal imposes massive fine for failure to notify
In the intricate process of acquiring another business or forming a joint venture, firms often forget to check whether the [...]
The duty to disclose business rescue proceedings
On 14 April 2016, the Supreme Court of Appeal (“SCA”) in the matter of Umso Construction Proprietary Limited (“Umso”) v MEC [...]
Spotlight on boards and shareholder activism
INTRODUCTION Corporate activism places public pressure on boards to improve both financial and non-financial performance of companies. Non-financial performance [...]
New treatment of fractional entitlements in terms of the JSE listings requirements
A recent change to the Johannesburg Stock Exchange (JSE) Listings Requirements, which deals with the manner in which entitlements to [...]
