Try GOLD - Free
Labour minister confirms R382 million UIF lifeline
Cape Argus
|May 20, 2025
THE Minister of Employment and Labour, Nomakhosazana Meth, has confirmed the implementation of a new agreement between the South African Post Office (SAPO) and the Unemployment Insurance Fund (UIF), aimed at preserving nearly 6000 jobs and supporting the recovery of one of South Africa's most critical state-owned entities.
Through the Temporary Employer-Employee Relief Scheme (TERS), the UIF will inject over R382 million into SAPO over six months. The funds will provide immediate financial relief to 5956 employees while enabling SAPO to implement a long-term turnaround strategy.
"This is a bold and necessary step to protect workers and restore confidence in our public institutions," said Meth.
"The TERS programme is not just a financial mechanism - it is a strategic tool to stabilise employment, support economic recovery and ensure that no worker is left behind."
Funds will be disbursed in monthly tranches through a dedicated TERS bank account.
This story is from the May 20, 2025 edition of Cape Argus.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Argus
Cape Argus
Two women found in boot of hijacked police vehicle
IN A shocking twist, police discovered two women in the boot of a hijacked City of Cape Town law enforcement vehicle.
2 mins
October 15, 2025
Cape Argus
AG asks Hawks to probe R158m social grant theft
THE Hawks are investigating three cases of theft amounting to R158 million at the SA Post Office (Sapo) and Postbank after Auditor-General Tsakani Maluleke became unhappy with how the matters were dealt with by the entities.
2 mins
October 15, 2025
Cape Argus
Guinea circus school offers a springboard
IN THE heat of a warehouse-like building in Conakry, five young men twirl, contort and juggle to the rhythm of percussions, defying the laws of gravity and distorting the anatomy of their bodies.
2 mins
October 15, 2025
Cape Argus
Proteas Women aim for perfection in World Cup
THE Proteas women have won three consecutive matches in the ongoing ICC Women’s Cricket World Cup, having beaten New Zealand, hosts India and recently Bangladesh as they recovered impressively from the embarrassing loss to England in the first match of the tournament.
2 mins
October 15, 2025
Cape Argus
BAFANA COME UP TRUMPS
IN the heartbeat of Mpumalanga — Nelspruit — the sun shone brightly on Hugo Broos and his Bafana Bafana boys as they successfully knocked on God's window to qualify for the 2026 Fifa World Cup.
3 mins
October 15, 2025
Cape Argus
The 10-point plan and the politics of coordination
WHEN President Cyril Ramaphosa announced the 10-Point Economic Action Plan at the ANC’s gathering, the nation sighed — not in defiance but in weary recognition. We have become a people fluent in reform but starved of renewal.
4 mins
October 15, 2025
Cape Argus
MPs in Mkhwanazi ad hoc hearing to tackle issue of conflict of interest
PARLIAMENT'S Ad Hoc Committee investigating allegations made by KwaZulu-Natal Provincial Commissioner, Lt Gen Nhlanhla Mkhwanazi, are set to tackle the persistent issue of conflict of interest when they meet today.
2 mins
October 15, 2025
Cape Argus
Czech crime boss wins his legal battle over laptop charging rights in prison
CZECH fugitive and jailed organised crime boss Radovan Krejčíř faced a dilemma as the court earlier granted him permission to use his laptop in his cell for study purposes, but he cannot charge the device overnight, as he has no plug point in his cell.
2 mins
October 15, 2025
Cape Argus
De Villiers’ contribution to Stormers’ defensive prowess
THE Stormers boast the meanest defence in the United Rugby Championship after the first three rounds of league action.
2 mins
October 15, 2025
Cape Argus
How SA's oceans can boost GDP, create jobs
NATIONAL TREASURE'
1 mins
October 15, 2025
Listen
Translate
Change font size