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Looted businesses can apply for grants up to R30m to rebuild
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R3 75 billion package unpacked to restore businesses hit by unrest
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UIF relief scheme approved to assist workers of looted businesses
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UIF Ters: How will payments be made for the latest extension?
The UIF has explained how payments for the latest Ters extension will be made. Here’s what you need to know.
Employment and Labour Minister Thulas Nxesi. Image via: flickr
The latest Unemployment Insurance Fund (UIF) Temporary Employer/Employee Relief scheme (Ters) extension has run up until 25 July 2021. The UIF has since explained how payments will be made.
HOW WILL UIF TERS PAYMENTS BE MADE?
UIF Ters payments for 16 March 2021 to 25 July 2021 period will be made directly to workers.
The UIF will now pay employees directly unless otherwise decided at the discretion of the UIF Commissioner. Therefore, it is crucial for employers to provide valid and accurate details of their employees including identity document numbers and valid bank accounts.