UIFBusinessLive reports that the Unemployment Insurance Fund (UIF) will next week open and begin processing applications for the extended wage protection scheme for workers.  

President Cyril Ramaphosa announced last week that the Temporary Employer/Employee Relief Scheme (Ters), which was set up to help workers affected by the Covid-19 lockdown, would be extended for one more month to 15 October.  The Ters benefit was introduced in March and was initially to run for three months, from April to June. The scheme was then extended by the government from 16 August to mid-September.  The UIF advised that it would process applications for the further extension term from Monday, 23 November until the end of December. No further applications would be accepted after that.  Acting UIF commissioner Marsha Bronkhorst said:  “In keeping with strict governance principles, we will still subject payments to bank verification before releasing the funds into the applicants’ accounts.  The immediate past has taught us that, even under the pandemic, criminals are at large and looking to benefit through nefarious means. We have an obligation to do everything in our power to ensure that funds are not paid into the incorrect accounts.”

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