17 March 2020 – Reduced required employer contributions to unemployment insurance fund

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Government of South Africa will allow some distressed businesses not to pay into the Unemployment Insurance Fund. This measure aims to keep operating costs low for businesses so that workers are not laid off.
Full details here: https://www.gov.za/speeches/companies-facing-distress-17-mar-2020-0000