Support for Business – COVID-19 TERS
An overview of the COVID-19 TERS scheme, detailing the requirements, rewards and process involved for businesses.
Month: March 2020
COVID-19 Lockdown – Support For Business
Brief overview on schemes that could provide support to businesses in general, as well as for SMMEs
New Feature: Managing End of Service in Bulk
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.
COVID-19 Lockdown – 27 March to 16 April 2020
On Monday 23 March, President Ramphosa announced a 21 day lockdown from 23:59 on Thursday 26 March. Read more in this blog post.
Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
2020 OID / Workman’s Comp Update
We have updated our system to reflect the Compensation Fund's annual earnings threshold for the 2020/2021 Return of Earnings.