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Alarming number of job losses in formal economy sees hike in Ters budget

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The Department of Employment and Labour has announced an increase in the budget for its Temporary Employer-Employee Relief Scheme (TERS) from R400 million to R2.4 billion, for the current financial year. This significant boost aims to assist companies in distress and prevent employee layoffs amid unstable economic conditions, as revealed by Minister Nomakhosazana Meth. Thabiso Tema spoke with Acting Director-General at the department of employment and labour, Viwe Mlenzana.

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