Connect with us

Government

Labour Department claims R58.7 billion has been paid out in COVID-19 TERS initiative

Published on

The Labour Department has expressed no intention of extending the COVID-19 TERS initiative yet, as a reported R58.7 billion has already been paid out to qualifying applicants.

Minister of Employment and Labour, Thulas Nxesi took to Twitter on Friday, 14 May 2021, to share the key points from the Budget Vote Speech. However, the possible extension of the Temporary Employer-Employee Relief Scheme (TERS) was not addressed in the speech, which has been of much interest since the start of the pandemic.

Currently, the department is focusing on processing applications for the extension that was announced by President Cyril Ramaphosa. The extension is for the period between Thursday, 1 January 2021, and Monday, 15 March 2021. Moreover, the Unemployment Insurance Fund (UIF) has stipulated that the grant that will be approved for those in sectors that were hardest hit by the return to stricter restrictions during the second wave.

According to the statement “The COVID-19 TERS benefit started paying out from April 2020. As at 31 March 2021, payments were made to [267 000] employers and to 5.4 million individual employees at a cost of R58.7 billion – providing support to laid-off workers, their families and communities across the country.”

See the post below.

Sabelo Makhubo
[email protected]

Trending

Copyright © 2021 Political Analysis South Africa

error: Copyrighted Content