Applications for the Temporary Employee/Employer Relief Scheme (TERS) will reopen in March. This comes after the President announced that the relief scheme would be extended for sectors affected by the Covid-19 lockdown.
The UIF TERS has paid out more than R52 billion in benefits to employers and employees affected by the Covid-19 lockdown. Now, the scheme will be wrapping up its last round of payments after benefiting millions of employees.
Unemployment is a massive challenge that has been exacerbated by the Covid-19 crisis. With 55.75% of the country's youth unemployed, more focus should be placed on how youth can enter the job market without a formal tertiary qualification to contribute positively to the country's economy.