The Unemployment Insurance Fund and the Department of Employment and Labour have launched the new Covid-19 temporary employee relief scheme, which will provide funds to distressed companies unable to pay the full salaries of workers they permanently laid off or sent home temporarily due to Covid-19 and the shutdown.
From April, the government is bracing for an influx of laid-off workers that will look for aid from the Unemployment Insurance Fund (UIF) due to the economic fallout of the Covid-19 pandemic and resultant 21-day national shutdown.
About R30-billion has been provisionally earmarked for the new disaster UIF scheme that will assist workers who have been affected by the shutdown across several sectors of the economy to contain the spread of Covid-19.
The UIF, whose operations are overseen by the Department of Employment and Labour, will be the main mechanism with which the government will ease the economic burden of the shutdown on workers and employers.
To do this, the UIF and the department have launched the new Covid-19 temporary employee relief scheme (Ters), which will provide income support to workers who have been temporarily or permanently sent home due to the Covid-19 outbreak.
Makhosonke Buthelezi, the UIF's communication and marketing...