SASDC invites you to the 2^nd Unemployment Insurance Fund Webinar

COVID-19 TERS Benefit

The Unemployment Insurance Fund has been giving financial relief to beneficiaries through Temporary Employer/ Employee Relief Scheme (TERS) since 27 March 2020 as a means to alleviate the harsh conditions brought about by shutdown due to COVID-19.

To date, the UIF has paid is over R59 billion to more than 260 000 employers benefiting over 6 million employees. The TERS benefit continues to provide relief to businesses that have been affected by the hard lockdown, with a lot of payments been made retrospectively.

The South African Supplier Diversity Council (SASDC) has partnered with the UIF to bring you the latest information relating to the TERS programme.

All SASDC members and beneficiaries are therefore invited to join the webinar where a UIF expert, Mr Allan Ragavaloo, Director: Provincial Support for the Unemployment Insurance Fund will share information relating to the TERS programme together with all the latest developments.

Working together to make business better for black suppliers because #BlackSuppliersMatter

• Speaker: Mr Allan Ragavaloo, Director: Provincial Support for UIF

About the UIF

The Unemployment Insurance Fund (UIF), an entity of the Department of Employment and Labour is mandated to provide short term financial relief to employees during periods of unemployment and also makes provision for payments of (maternity benefits, illness benefits, death benefits, adoption benefits, paternity benefits) to qualifying contributors.

Why should you register with the UIF?

Employers are encouraged to register with the UIF, declare their employees and make their contributions as is required by the Contributions Act, 2002.  Part of the benefits of being UIF compliant is that employers can obtain their UIF compliant certificate which can be supplied when bidding for work out there.