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ZA: COVID 19 - Latest developments that may impact Payroll
Dear Customer
The President of South Africa announced last night, 23 March 2020, that in order to curb the spread of the Corona Virus (COVID19), a nation-wide lockdown will take effect from midnight, 26 March 2020, for 21 days.
In this regard, the President made reference to special dispensations that may become available to companies in distress because of COVID19, such as:
• Wage payments to employees via the Temporary Employee Relief Scheme, which will enable companies to pay employees directly during this period and avoid retrenchment.
• Employees who fall ill due to exposure to virus in the workplace may claim from the Compensation Fund.
• Subsidies of up to R500 per month for the next four months to private sector employees earning less than R6 500.