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24/7 National Hotline: 0860 163 272 | Email: info@neasa.co.za

COVID-19: TERS-Funding applications - Bank confirmation required

Jul 13, 2020

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… navigating through the COVID-19 LOCKDOWN scandal …

TERS-FUNDING APPLICATIONS

BANK CONFIRMATION REQUIRED

Dear employer

The Department of Employment and Labour has instituted new security measures in respect of TERS applications in order to combat the recent spate of fraudulent activities.

Employers are now required to confirm their bank account details by virtue of either a CIPC registration number or an ID number. This is compulsory and employers will not be able to access the system without providing the required information first.

Currently, there is a challenge in respect of employers who have a bank account in the name of a different entity, for example trusts, and we are awaiting direction in this regard.

We will keep members abreast of developments in this regard.

NEASA 24/7 NATIONAL HOTLINE: 086 016 3272
legalhotline@neasa.co.za
(please have your membership number at hand)

For more information:
NEASA Media Department
media@neasa.co.za

We are all in this together.
Privileged and challenged to be South African.

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