Tag: Unemployment Insurance Fund

UIF & PIC in talks with Edcon over a potential lifeline

South Africa’s oldest retailer Edcon has confirmed the expected – that it may not emerge from Covid-19 lock-down alive. The 90-year-old retailer has entered voluntary business rescue after losing R2 billion in sales during the COVID-19 crisis and lock-down which has made it difficult to pay suppliers and debtors. Joining CNBC Africa to discuss what a rescued Edcon may look like in future is Teboho Maruping, Commissioner, Unemployment Insurance Fund.

How Edcon may emerge from business rescue

South Africa’s oldest retailer Edcon has confirmed the expected – that it may not emerge from Covid-19 lock-down alive. The 90-year-old retailer has entered voluntary business rescue after losing R2 billion in sales during the COVID-19 crisis and lock-down which has made it difficult to pay suppliers and debtors. Joining CNBC Africa to discuss what a rescued Edcon may look like in future is Independent Retail Analyst, Chris Gilmour and Teboho Maruping, Commissioner, Unemployment Insurance Fund.

South African Labour Department pays out R1.1 billion COVID-19 benefits to workers

South Africa’s Department of Employment and Labour announced on Monday that it had paid a total of R1.1 billion to beneficiaries of the Unemployment Insurance Fund (UIF), from April 16 to date.

SA’s COVID-19 lockdown: 14000 companies apply for UIF assistance

South Africa’s 21 Day lockdown has forced many companies to shut during the period. As a consequence, many people have had to take unpaid leave while some may not have a job waiting for them when the lockdown lifts because of the fragile state of the economy. Teboho Maruping, Commissioner of the Unemployment Insurance Fund spoke to CNBC Africa on how government is helping?

The impact of COVID-19 lockdown on tax and unemployment related matters

The COVID-19 21-day lockdown, imposed by South African President Cyril Ramaphosa on Thursday, 16 April 2020, will have an impact on tax and unemployment-related matters.
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