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Financial planning

Overview

Help for my employees

In order to minimise the loss of jobs during COVID-19, the government has a number of relief programmes to assist businesses and their employees.

SARS ETI Programme Expansion - Available from the South African Revenue Service

In order to minimise the loss of jobs during COVID-19, the government will be expanding the Employment Tax Incentive (ETI) Programme for a period of 4 months, from 1 April 2020 to 31 July 2020 for all private sector employees earning less than R6500 per month.

The expansion includes:

  • Increasing the amount claimable under ETI.
  • Allowing a monthly claim of R500 for employees who are currently not eligible for the ETI scheme.
  • Accelerating the payment of employment tax incentive reimbursements from twice a year to monthly.

The qualifying criteria are the following:

  • Employees must earn less than R6500 per month.

Changes will be in effect as from 1 April 2020.

For further information, please visit

Temporary Employer/Employee Relief Scheme (TERS) - Available from the Department of Labour

Due to COVID-19, non-essential companies had to shut down, with many unable to pay their employees during the shutdown period. The TERS scheme has been created to assist companies to pay their employees.

A business that needs to close its operations for a period of three months or less due to COVID-19 will qualify for the TERS benefit, provided that:

  • The company is registered with the UIF.
  • The company's closure can directly be linked to COVID-19.
  • Prior to application, please ensure the following documents have been prepared.

All documents submitted will be subject to verification:

  • Letter of Authority, on an official company letterhead granting permission to an individual specified to lodge a claim on behalf of the company.
  • MOA (completion of the agreement between UIF, Bargaining Council and Employer).
  • CPrescribed template that will require critical information from the employer (obtained by emailing: Covid19UIFclaims@labour.gov.za).
  • Evidence/payroll as proof of last three months employee(s) salary(ies).
  • Confirmation of bank account details in the form of certified latest bank statement.

To apply, send a request to

You will receive an automated response outlining the procedure and documents required.

For further information, please visit

Compensation Fund - Department of Labour - Available from the Department of Labour

If any of your employees fall ill due to exposure to COVID-19 at the workplace, you can apply for compensation through the Department of Labour's Compensation Fund.

Should an employee be diagnosed with occupationally acquired COVID-19, claims must be made online or manually using the correct ICD10 code - U07.1.

To qualify, the employee needs to have an occupationally acquired COVID-19 diagnosis:

  • Occupational exposure to known source of COVID-19.
  • Reliable diagnosis of COVID-19.
  • Approved official trip or travel history to countries at high risk on work assignment.
  • Presumed high-risk work environment.
  • Chronological sequence between work exposure and development of symptoms.

Claims must be submitted to the following channels using the correct ICD10 code - U07.1:

Online:

Manual:

  • Compensation Fund: covid19claims@labour.gov.za or phone 0860 105 350
  • Rand Mutual Assurance: contactcentre@randmutual.co.za or phone 086 022 2132
  • Federated Employees Mutual: FEM-Registry@fem.co.za or phone 011 359 4300

For further information, please visit