Articles for May 2023
The COVID-19 TERS policy saved at least 2 million jobs - but not without some unintended results
Reads 1,963
About three years have passed since the South African government introduced the COVID-19 Temporary Employer-Employee Relief Scheme (TERS) in response to the pandemic and associated lockdown regulations. Given the extent of unemployment in South Africa even prior to the pandemic, the policy’s primary aim of mitigating job losses arguably made it one of the country’s most important labour-market interventions at the time. What effect did it have on job retention, and who did it benefit most?