South Africa

R3.4 billion voluntarily returned by TERS beneficiary employers: UIF – SABC News

The Unemployment Insurance Fund (UIF) says R3.4 billion has been voluntarily returned by employers who benefited from the COVID-19 Temporary Inter-Employer Relief Scheme (TERS).

The UIF claims to have made more than R14 billion in checks which were disbursed through TERS.

Phase 1 of the Follow-the-Money project revealed that several companies submitted fraudulent applications.

says Makhosonke Buthelezi, UIF’s Director of Communications more employers are expected to return the excess funds.

“We have discovered that there have been claims where employers have increased the wages they believe their workers earned in the 3 months prior to COVID-19. Some have told employees that they retired before COVID-19. For some it was just a matter of mistakes,” says Buthelezi.

Application process for UIF’s temporary financial aid program: Adv. Mzi Yawa



R3.4 billion voluntarily returned by TERS beneficiary employers: UIF – SABC News

Source link R3.4 billion voluntarily returned by TERS beneficiary employers: UIF – SABC News

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