UIF TERS has been extended by a few months. This was announced by President Cyril Ramaphosa on Thursday evening.
This extension is for sectors who have not been able to operate due to the lockdown.
"We have also decided to extend the COVID-19 TERS benefit until 15 March 2021 only for those sectors that have not been able to operate.
The conditions of this extension and the sectors to be included will be announced after consultations with social partners at NEDLAC.
The National Treasury will work with its partners and stakeholders on improvements to the loan guarantee scheme so that it better addresses the realities of SMMEs and other businesses as they strive to recover." said the President.
The Temporary Employer/Employee Relief Scheme (TERS) of the Unemployment Insurance Fund (UIF) provided many businesses with economic relief in 2020.
This was following the effects of the Covid-19 lockdown introduced last year in March.
In 2021, many businesses continue to be affected by the lockdown, and this extension aims to provide support to those businesses.
The President has asked for all South Africans to play their role in rebuilding the country and its economy.
"Let us work together as government, as business, as labour and as all of society to clear away the rubble and lay a new foundation. Above all, let us return this country to the values upon which it was founded." he said.
UIF Acting Commissioner, Marsha Bronkhorst said in the meantime, the UIF will continue to process normal Unemployment Insurance benefit claims.
Applications for these can be done online or at any of the Department of Employment and Labour offices.
"The process is as user-friendly as we can make it, we've made an electronic declaration system available so that employees can declare online and we don't have to work with papers anymore". said Marsha Bronkhorst, Acting Commissioner of the UIF.