Today's Labour News

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UIFBusinessLive reports that Employment and Labour Minister Thulas Nxesi told the National Council of Provinces on Tuesday that thousands of workers still waiting for payments from the Unemployment Insurance Fund’s (UIF’s) Temporary Employer/Employee Relief Scheme (Ters) would be receiving their money.  

This was notwithstanding applications for benefits closing at the end of October.  Nxesi said that as long as applications were in the system before the closing date, the UIF would continue to process them.  But he added that the fund could not continue receiving applications “indefinitely”.  The UIF indicated that there were 451,488 undeclared employees whose claims had yet to be finalised and paid.  Nxesi advised that the government had initially budgeted R40bn for the Ters benefit, but with the extension of the lockdown and the continued need for income support, it was projected that R60bn would be needed.  To date, the UIF has paid out over R49bn in more than 11-million payments.  Besides the Ters payments, the fund has also paid out R7.5bn in 1.3-million payments for normal UIF benefits.  On another matter, Nxesi said the government’s plans to mitigate large scale retrenchments were going to be outlined by President Cyril Ramaphosa in the economic recovery plan he was scheduled to release on Thursday.

  • Read the full original of the report in the above regard by Genevieve Quintal at BusinessLive

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