TERS: New Easy to Follow Rules
“New rules around financial relief for employees in South Africa – here’s everything you need to know
One of the key measures that government is using to financially support employers and employees during the coronavirus lockdown is the Temporary Employee/Employer Relief Scheme (TERS).
On Wednesday (8 April), government published a revised directive that will regulate these benefits. These benefits will also be subject to the terms of a new memorandum of agreement which is expected to be published soon.
Below, law firm Bowmans outlined what the new directive means, what is expected to be contained in the revised memorandum of agreement, and how the TERS works…”