INSIDE VIEW
HILARY JOFFE: Cyril and his money people can do more to help with Ters
Extending the scheme is estimated to cost only R2.5bn a month and the fund arguably still has plenty of liquidity
24 January 2021 - 00:08
Labour & employment director-general Thobile Lamati believes total job losses could hit 3-million as a result of Covid, and the Unemployment Insurance Fund (UIF) has set aside R40bn to cover this. It’s why the government believes the fund can’t afford to extend the Covid-Temporary Employment Relief Scheme (Ters) through which the UIF has paid close to R60bn to millions of employees hit by the crisis...
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