R382 million UIF lifeline confirmed by Labour Minister for SAPO employees
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 6,000 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 5,956 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. Meth emphasised that this will happen 'with strict governance, auditing and compliance measures in place.'
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Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Lala Maje, director for initial teacher education, stated: 'This initiative comes as South Africa continues to battle high levels of youth unemployment and an education system that is stretched and overburdened during these difficult economic conditions. 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IOL News
5 days ago
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Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading According to the applicants, this did not occur. 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IOL News
6 days ago
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