Covid-19 Temporary Relief Scheme
This allows employers to apply for the COVID-19 Temporary Relief Benefit – to stem the financial distress of due to the pandemic for up to 3 months.
The benefit is de- linked from the Unemployment Insurance Fund’s normal benefits and will only pay for the cost of salary for the Employees during the temporary closure of the business operations.
Benefits will pay a replacement income equal to minimum wage of the sector concerned and be capped to a maximum amount of R17 712, 00 per month, per Employee. It is subject to the income replacement rate sliding scale (38 % -60 %) as provided for in the Unemployment Insurance Fund Act 63 of 2001.
Businesses can apply for the Covid-19 TERS Benefit from the UIF by sending an email to firstname.lastname@example.org where you will be prompted with further instructions.
Small Business Development Minister Khumbudzo Ntshavheni on Tuesday, confirmed the relief measures were underway, saying reference numbers for fund allocations are expected to begin on 1 April – but also acknowledging the risk of multiple applications clogging the system.