Legal updates and opinions
News / News
Urgent update: COVID-19 Temporary Employer / Employee Relief Scheme (“TERS”)
by Jacques van Wyk, Director; Andre van Heerden, Senior Associate; and Thabisa Yantolo, Candidate Attorney
The Unemployment Insurance Fund (“UIF“) are accepting June Covid-19 TERS applications on their online portal. The online portal may be accessed at: https://uifecc.labour.gov.za/covid19/. The online portal provides new login rules which are aimed at preventing issues for users logging into the portal.
On 14 July, the Department of Employment and Labour published a statement in which the UIF announced that they have introduced new measures for account verification in order to eliminate fraud. These measures include a new rule that requires applicants on the TERS online portal to insert either the Enterprise number (CK/CIPC) or the ID number of the bank account holder. The purpose of this new rule is to further verify the banking details against the authorised claimant. The UIF Commissioner stated that they expect that the upfront account verification and validation prior to payment will increase the turnaround time by two days.
The full published statement may be accessed at: https://www.gov.za/speeches/employment-and-labour-measures-bank-account-verification-eliminate-fraud-14-jul-2020-0000.
Latest News
Olympic games: exclusivity and revenue
By: Donvay Wegierski, Director The protection of the Olympic Symbol, and its torch, flag and anthem is extremely important. According to [...]
Copyright: blurred lines effect?
On 21 March 2018, Robin Thicke and Pharrell lost their appeal against Marvin Gaye's estate in relation to their hit [...]
#METOOZA – sexual harassment in the workplace in South Africa
Recently, and on an ongoing basis, revelations of sexual harassment in Hollywood have made the headlines, and stories of sexual [...]
Budget proposal to provide much needed clarity to managers and unit holders of Collective Investment Schemes
The taxation of collective investment schemes ("CIS") and their participatory interest holders is governed by sections 25BA and 10(1)(iB) of [...]
The International Arbitration Act spells opportunity for South Africa
With the coming into operation of the International Arbitration Act[1] ("Act") on 20 December 2017, South Africa for the first [...]
The fascinating tango of interest and forex rates on large claims where set-off occurs: a case study
Imagine the following scenario, the parties have litigated, and they are awarded the following claims: Party A is awarded: US$5 [...]
