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The COVID-19 pandemic has highlighted the importance of employee benefits in a big way. FAnews received the press release below putting employer group insurance into perspective.
In the 2020 Budget, Finance Minister Tito Mboweni announced constructive measures to prepare tomorrow’s workforce for the Fourth Industrial Revolution. This is part of the Government’s plan to use the Fourth Industrial Revolution to help address pressing problems, like unemployment and poverty.
When it comes to attracting top talent, employers often offer a number of perks or benefits, including provident funds and Medical Aid. However, in today’s economy, medical treatments often involve medical expense shortfalls, even with medical scheme cover.
On 11 February 2020, the World Health Organization officially named the disease caused by the new Coronavirus strain “coronavirus disease 2019” or “COVID-19”. Under the International Health Regulations, the WHO has declared COVID-19 a public health emergency of international concern.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?