Today's Labour News

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nedlacBL Premium reports that business and labour are locked in negotiations with the government over resuming the Temporary Employer/Employee Relief Scheme (Ters) for workers affected by the tightening of coronavirus lockdown regulations.  

In the wake of the government’s decision to return the country to level 3 of the lockdown, the government and its social partners have been meeting at Nedlac about extending the Unemployment Insurance Fund’s (UIF’s) Ters scheme, which ended in October.  No agreement has been reached on resuming the scheme, but discussions were "positive", according to a knowledgeable source.  The UIF on Tuesday confirmed that discussions around the extension were ongoing.  Labour federation Cosatu’s parliamentary co-ordinator Matthew Parks, who sits on Nedlac, said that ever since the first extension of the Ters benefit in June, social partners have had to push the government to extend the scheme.  "It is always a bit of pulling of teeth," he claimed.  But, BNP Paribas economist Jeffrey Schultz said the scope for relief was "extremely" limited.  He noted that the Ters scheme has seen the drawdown of what were, at the onset of the crisis, very substantial surpluses in the fund.  But now SA does not have the same level of UIF buffers and would have to be more cautious on further drawdowns to avoid it becoming another large contingent liability for the state.

  • Read the full original of the report in the above regard by Genevieve Quintal and Lynley Donnelly at BusinessLive (paywall access only)

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