KZNEIA Member’s News
Member’s Resources & News
2020 Main Agreement Negotiations
We have received numerous calls on the status of the Industry Main Agreement negotiations. As a result of the COVID-19 pandemic and the lockdown, industry finds itself in survival mode and the consequences for the M&E sector are going to be severe for both...
MIBFA Contributions during Lockdown update 22 April 2020
Per our previous email on the subject, and in light of some discussion/communication between MIBFA Agents and companies which have caused confusion, we re-iterate this position: The MIBFA Funds are an umbrella Fund and the Board of Trustees is made up on both...
Tax treatment of TERS Benefits
There has been some uncertainty regarding whether TERS benefits will qualify for an exemption from income tax. The South African Revenue Service (SARS) has confirmed that TERS benefits are payable in terms of the Unemployment Insurance Act and thus exempt from income...
Applications for Benefits from the UIF Covid-19 Relief Scheme
Good Day All, We have finally received the documentation related to TERS Claims via the MEIBC. Please go through the Industry Circular No. 2020-2 in detail and do not hesitate to contact us should you have any queries. Per the circular, there remains a provision for...
TERS UIF Guidelines for submitting online
Good Day All, From a business point of view, the hot topic of the day is most certainly the TERS UIF applications. KZNEIA and its partners as well as the Coastal Alliance Associations have been hard at work today dealing with copious questions from our members and...
MIBFA Contributions during Lockdown
We are aware of various loan and funding institutions which are considering contribution holidays [with various provisions]. The MIBFA Funds are an umbrella Fund and the Board of Trustees is made up on both Employers and Employees and decisions are made on a consensus...
Finalised TERS Amendments
URGENT NOTICE: The Gazetted Amendments wrt TERS has been finalised with critical changes inserted after clause 3.7 of the Directive: 3.8.1 An employer whose employees are entitled to receive covid-19 benefits provided by the Unemployment Insurance Fund during the...
Update on the TERS process from BUSA
Day 13 of lockdown, but hopefully a lucky number as we continue to try and make sense of the overwhelming amount of information being propagated and then put into doubt with an equal amount of fake news. We can confirm this information [below] from BUSA on TERS. We do...
These are not unprecedented times
Yesterday (day 11) was “hump day” of our 21-day lock down we are starting to look at the downward slope towards the end of the quarantine period. Many questions remain unanswered and while some speculate that the lockdown may be extended, we must proceed with the...
Update on TERS applications and the MEIBC or not?
There have been no developments with regards TERS since last week. The only matter is whether the MEIBC will be an additional portal to use. However, companies need to ensure all documentation is complete and fill in the MOA. TERS guidelines have already confirmed...