6 July 2020 Very advanced level 3 - Global Business Solutions

6 July 2020
              Level applicable?

                                  Very advanced
                                      level 3

                                            1

Storyline

 Statistics:     Business       New                          General
                                           UIF TERS C-19
Global & SA       impact    developments                   information

                                                                  4

Statistics
Global and SA

                5

!
    18 March
    2020

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Business and
employment
  impact

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To make those sorts of changes, however, companies will need
                                                                 1. The most optimistic scenario assumes
the enabling foundation of a digital transformation. They will
                                                                 that things go mostly right: people
also need increased openness to dealing with ongoing             maintain social distancing, the virus does
uncertainty and change. Those that undergo that                  not return later in the year, immunity
transformation and are willing to think creatively and adapt     persists and economic policy is effective.
will be in a stronger position to succeed in the next normal.    Re-opening begins in mid-summer,
                                                                 allowing a path to the next normal to
                                                                 begin by spring 2021 and a vaccine arrives
                                                                 enabling the economy to return to growth
                                                                 2. In the second scenario, the virus
                                                                 persists and a second wave resurgence in
                                                                 the winter requires another lockdown,
                                                                 causing a much more severe economic
                                                                 recession. A vaccine is available by mid-
                                                                 2021, signaling reopening and steps
                                                                 toward the next normal.
                                                                 3. In the most pessimistic scenario, the
                                                                 virus resurges in a giant second wave, as
                                                                 large as what we’ve seen in the worst-hit
                                                                 areas to date. The lengthy lockdown that
                                                                 is required leads to a long and deep
                                                                 recession with profound societal impact.
                                                                 With no vaccine becoming available, no
                                                                 new normal arrives. Instead, a “COVID
                                                                 normal” emerges, with continuing waves
                                                                 of the virus, persistent economic
                                                                 uncertainty and deep societal unrest.
                                                                 Business and government leaders can use
                                                                 the axes we have developed in our
                                                                 scenario planning materials, layering in
                                                                 details of local dynamics and policies in
                                                                 response to each of our seven critical
                                                                 uncertainties, to help them think through
                                                                 how the next normal may play out in their
                                                                 specific situations.

What is your employment blend?

New developments

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General

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UIF

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C19 TERS UPDATE 06 July 2020

Confusing times…
• June submission completed twice over the past
  two weeks
• Confirmation email received saying all good
• Online it showing “no employees found”

Calculation Interpretation confirmed

Calculation Interpretation confirmed

                             Have your calculations for May
                            2020 been done in line with this
                                    interpretation?

Outstanding Issues => Update
ISSUE                                        STATUS
Security Concerns with TERS Portal           System appears to be more stable (data) however unsure yet on functionality
“Overpayment” calculation query              Still awaiting feedback on this – seemingly more widespread than before
                                             No rhyme/reason in who is affected and what info they are using for this
May calculation issue                        Halton Cheadle confirms Calculator interpretation (confirmed by Adv Yawa)
uFiling alternative for large employers      No response yet from UIF
Outstanding payments for Foreign Nationals   Seems that payments are being processed. Insider indicates this weekend
                                             targeted to clear as many Foreign National payments as possible. Sadly, those
                                             who were reflecting “payment in progress” have NOT been paid and returned to
                                             “declined” status
Formal process for Re-Look of applications   Awaiting clear instruction but UIF open to “re-look” in cases where employers
                                             have made data mistakes etc.
Alternatives from July 2020 for mass RWT     Awaiting confirmation of procedures, given C-19 social distancing
Lack of feedback on escalated items          Capacity is a real concern for UIF – they’ve admitted they are struggling to
                                             manage the current workload.

❑ Jonathan Goldberg
                              083 281 9571
                              jgoldbergsnr@globalbusiness.co.za
                     ❑ John Botha
                              082 457 0000
                              john@globalbusiness.co.za
                     ❑ Grant Wilkinson
                              082 570 8595
                              grant@globalbusiness.co.za
                     ❑ Natalie Singer
                              084 450 5196
                              natalies@globalbusiness.co.za

Thank you for your

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