TERS benefits extended – but who can access them?

Source: IOL; NEASA

The South African government has decided to extend the Covid-19 Temporary Employee Relief Scheme (TERS) benefits to 15 August 2020.

The benefit was initially meant to run until the end of June.

Last week, in an attempt to stop the fraud that has been taking place from the Unemployment Insurance Fund’s relief scheme, the fund has introduced new and more stringent controls to verify banking details.

“The payment covered claims for April and May lodged by 15 866 employers benefiting 78 283 employees for whose banking details passed the verification process. Further payments were done today (July 14) with about R295m paid out from 1 824 employers benefiting 76 078 workers. This brings the total paid to date since April 16 to just under R30 billion (R 29 726 359 618.48) covering 6 789 695 workers from 539 953 employers,” the department said.

However, in a survey conducted by NEASA (National Employers Association of South Africa), it was evident that many businesses were struggling to access TERS.

As at 23 July, of those surveyed:

  • 14%of employers still haven’t received their April UIF/TERS monies
  • Of the 86% of employers who received payment, only 62% were paid in full
  • 27% of employers still haven’t received their May UIF/TERS monies
  • Of the 73% of employers who received payment, only 58% were paid in full
  • 81% of employers still haven’t received their June UIF/TERS monies
  • Of the 19% of employers who received payment, only 68% were paid in full

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