UIF conceals companies that stole millions in Ters funds

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The Unemployment Insurance Fund on Tuesday said it won’t be naming and shaming companies which defrauded it of millions of rand in Temporary Employee/Employer Relief Scheme funds.

CAPE TOWN - The Unemployment Insurance Fund on Tuesday said it won’t be naming and shaming companies that defrauded it of millions of rand in Temporary Employee/Employer Relief Scheme funds.

But the fund has told Parliament it’s acting on legal advice not to share details of illegal claim submissions. The UIF said the Special Investigating Unit has received acknowledgement of debt for Ters fraud worth R42 million.UIF Commissioner Teboho Maruping told Parliament’s standing committee on public accounts on Tuesday that the scheme remained vulnerable.

“As of 23 August, we had about R230 million the amount exposed to potential fraud. Of this amount, the Asset Forfeiture Unit was able to preserve R133 million, and R123 million of this has already been paid back to UIF,” Maruping said. But the fund’s legal advisor Lucky Mkhonto said the culprits won’t be revealed: “The legal opinion having looked at our MOA there’s no basis that we have covered in the MOA to name and shame those who would have defrauded.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Aysuka they refuse to pay me my money, they said I should get a job before they could pay me

Could it be because the UIF is also part of the companies that defrauded the UIF? 🤭

And why did we expect you to ?

Weens pandemie het ek besluit om Bitcoin-verhandeling te probeer met 'n bietjie kapitaal van R4,500 en ek het 'n wins van R68,000 gemaak binne 7 dae van belegging by 'n gelisensieerde rekeningbestuurder frankneno1

Why not they are simply just thieves and nothing more .....

Who has paid money to keep them quiet

My wife is still waiting for her UIF payments , any answers or fruitful correspondence .. strangely enough her colleagues all get theirs ....

It is not possible for someone to know the events of the future exactly as they are to happen. This is true for Muhammad Qasim's dreams & the rest of his dreams about the future convince me that he is Imam Al-Mahdi! More at or watch

I hope these 卂丂丂卄ㄖㄥ乇丂 know the people of SA are coming for them and no amount of policemen will be able to protect them.

𝙒𝙃𝙀𝙍𝙀 𝙏𝙃𝙀 𝙁𝙇𝘼𝙈𝙄𝙉𝙂 𝙃𝙀𝙇𝙇 𝙄𝙎 𝙈𝙔 𝙏𝙀𝙍𝙎/𝙐𝙄𝙁

Because it it should cover ANC UIF scandals.

And we a country serious of fighting corruption 🤔, our actions don’t match what we say at all.

Any why is that? Wouldn't it be considered a VERY serious matter? Seems kinda WEIRD... Mthuli4 la_revolucion99 Riddlemethat14 SeanGoss31 AdvBMkhwebane MYANC IqbalSurve

😡😡😡😡😡😡😡😡😡😡

Can they shame themselves, for companies who diligently pay UIF, and are still waiting?

Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.

It seems to be a better thing to be a criminal in South Africa these days than an honest person. Criminals have more protection and rights?

We need to know these names to avoid doing business with them. It's the correct thing to do. Why are you hiding criminals?

UIFBenefits please do the right thing by naming and shaming companies which defrauded you of millions of rands. Otherwise you defrauded yourself!

I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

They protect people who break the law. They must make sure people are paid their monies no stories

This is interesting,protecting certain individuals perhaps?

Red flag, is the a prominent politician involved? Southy is a movie. Name them. We deserve to know.

So they are saying that they will protect people who have broken the law?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in BUSİNESS

Business Business Latest News, Business Business Headlines