#Adulting 101

Ters payment 

If you’re a small business owner, then you’ll be happy to know that the government has decided to resume the Temporary Employer-Employee Relief Scheme (Ters) later this month. Ters was first introduced in March last year to financially support businesses and workers who were not earning during the strict lockdown. It was halted in March this year. The industries eligible for Ters payments include the liquor industry and its value chain, restaurants, gyms, events, conferencing, aviation, tourism and allied sectors and many more. If you qualify, go to the UIF website to apply. 

Petrol price increase

You may have noticed an increase in petrol prices. Overnight the price for petrol 93 increased by 29 cents and the price for petrol 95 increased by 26 cents. This comes on the back of an increase in international petroleum costs an

d the complicated relationship between the rand and the dollar. It’s the steepest increase in the petrol price yet, but hopefully, you’re working from home. 😏

This article appeared as part of The Wrap, 08 July 2021. Sign up to receive our weekly updates.