An overview of the COVID-19 TERS scheme, detailing the requirements, rewards and process involved for businesses.
Month: March 2020
Brief overview on schemes that could provide support to businesses in general, as well as for SMMEs
To ease the payroll burden on employers and payroll administrators during the COVID-19 pandemic, we have introduced a new Employee Actions section to our Bulk Actions page to allow users to manage an employees end of service in bulk.
On Monday 23 March, President Ramphosa announced a 21 day lockdown from 23:59 on Thursday 26 March. Read more in this blog post.
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
We have updated our system to reflect the Compensation Fund's annual earnings threshold for the 2020/2021 Return of Earnings.