The Minister of Employment and Labour published a new Directive today (which has been placed onto the Department of Labour Website) extending the TERS benefit to the 15th August 2020 in terms of section 4 (10) of the Regulations issued in terms of the Disaster Management Act. There are a few other notable changes to the Scheme:
The Directive has been back dated to 27 June 2020 and remains in operation to 15 August 2020.
We expect the website to open for applications this week.
A new functionality has been added to the system which allows for employers to correct information for an employee that they consider has been incorrectly paid through the TERS. Called the Discrepancy Tab it will allow for that employee to be reassessed.
In a media briefing published on 3 August 2020, it was announced that to date the fund has paid out R37 Billion (R37 133 662 558.77) for 693 561 applications benefits 8.3 million (3 298 307) employees. This is within the budgeted R40 Billion announced in April.
The Commissioner said “it is quite clear that these disbursements have made a real difference to millions of people dependent on the workers who received these cash injections. As the Fund, it is an honour of us to have played this part and will do so until August 15, armed with learnings from the past three months”