Businesses who were on the verge of retrenching their employees due to the fact that they are struggling to stay afloat will get relief through a strengthened Employer\/ Employee Relief Scheme (TERS).<\/p>\n
Employment and Labour Minister Thulas Nxesi says relief will be given to struggling businesses as the department gets reconfigured to save and create jobs.<\/p>\n
The Minister said this when he tabled the department\u2019s Budget Vote to a mini plenary of the National Assembly on Friday morning.<\/p>\n
\u201cAs part of the reconfiguration of the Department to give effect to the additional employment mandate, the Labour Activation Programmes, funded by the UIF, were refocused to contribute directly to job creation and preservation,\u201d he said.<\/p>\n
Nxesi said the Unemployment Insurance Fund (UIF) will strengthen the normal TERS to give relief to struggling businesses to save jobs.<\/p>\n
\u201cTypically, businesses that have notified the CCMA of their intention to retrench, would then be invited to apply for support from the UIF normal TERS, and where approved referred to Productivity SA to develop sustainable business strategies.<\/p>\n
\u201cFrom 2020\/21, the UIF has invested R104 million to assist distressed businesses,\u201d he said.<\/p>\n
CCMA records unprecedented retrenchment notices<\/strong><\/p>\n The Minister said, meanwhile, that the CCMA has, in the financial year that ended on March 31, received an unprecedented number of retrenchment notices.<\/p>\n \u201cThe CCMA has recorded an unprecedented number of referrals of Section 189A (retrenchment) matters.<\/p>\n \u201cThe processes facilitated by the CCMA in 2020\/21 resulted in 42% of notified at-risk jobs being saved: some 58,000 jobs.\u201d<\/p>\n He said the UIF Labour Activation Programme targets for 2021\/22 includes training 12 000 young people; targeting 41 000 UIF contributors for job retention or re-employment; as well as supporting SMMEs and establishing 30 cooperatives.<\/p>\n \u201cIn 2020\/21, under the normal TERS programme, Productivity SA supported 25 companies at a cost of R5.6 million directly saving 3 000 jobs.<\/p>\n \u201cProductivity SA\u2019s Business Turnaround and Recovery Programme capacity will be further enhanced in 2021\/22 to support 191 companies at a cost of R115 million, saving some 10 000 jobs.\u201d<\/p>\n The Minister said, meanwhile, that the COVID-19 TERS benefit, which started paying out from April 2020, has, as at 31 March 2021, made payments to 267 000 employers and to 5.4 million individual employees at a cost of R 58.7 billion \u2013 providing support to laid-off workers, their families and communities across the country. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Businesses who were on the verge of retrenching their employees due to the fact that they are struggling to stay afloat will get relief through a strengthened Employer\/ Employee Relief Scheme (TERS). Employment and Labour Minister Thulas Nxesi says relief will be given to struggling businesses as the department gets reconfigured to save and create […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-188918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-sanews","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/188918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=188918"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/188918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=188918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=188918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=188918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}