Discussions under way to extend Ters relief scheme as lockdown continues

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South Africa Headlines News

Business for SA confirms the talks, saying it is contingent on affordability

President Cyril Ramaphosa announced as part of his economic recovery plan that the government would extend the temporary R350 grant for another three monthsAmid concerns over the ability of the Unemployment Insurance Fund to meet the growing demand for benefits amid escalating retrenchments as a result of a rapid contraction of the economy, discussions are under way about extending the Covid-19 relief scheme for workers.

The UIF on Friday confirmed that the government and social partners at the National Economic Development and Labour Council were looking at extending the Temporary Employer/Employee Relief Scheme after the state of disaster was extended for another month.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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