Business Unity SA has called for the Unemployment Insurance Fund to be put under immediate administration due to"systemic dysfunction", corruption, and ineptitude threatening workers' benefit.
The UIF is a social security fund raised from a payroll tax that provides unemployment and maternity benefits to workers. It is clear the current management within the UIF is unwilling or unable to execute their mandate and has embarked on ill-considered systems, such as the eCompliance platform, which have failed and introduced risk in the business landscape, both for companies seeking assurance about the compliance of their providers and for the protection of workers.
The eCompliance system was introduced in January 2021 to digitise manual processes but has been riddled with problems. BUSA says that its appeals for intervention by the government had gone unheard, and several letters to Minister of Labour and Employment Thulas Nxesi had not received a positive response.
Nxesi informed the Speaker of Parliament earlier this week that the UIF could not complete its annual financial statements for the second year running. He said the 2021/22 annual financials would be submitted to Parliament by the end of October. The audit for 2022/23 had yet to begin, and the final accounts would only be tabled by June 2024. In times of uncertainty you need journalism you can trust.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Intelligence Business Analyst at Capitec Bank Ltd - Western Cape StellenboschCompany description: Capitec Bank is a leading South African retail bank that focuses on essential banking services and provides innovative transacting, savings, insurance and unsecured lending products to individuals. Capitec’s mission is to make banking simple and transparent to help clients – regardless of their level of income or assets – improve their financial lives […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Business Intelligence Business Analyst at Capitec Bank LtdCompany description: Capitec Bank is a leading South African retail bank that focuses on essential banking services and provides innovative transacting, savings, insurance and unsecured lending products to individuals. Capitec’s mission is to make banking simple and transparent to help clients – regardless of their level of income or assets – improve their financial lives […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Trump business empire under threat as New York fraud trial opensThe fraud trial, one of several legal battles against the 77-year-old Trump, could potentially see the former president barred from doing business in New York state.
Source: ewnupdates - 🏆 30. / 53 Read more »
Chiefs announce new business venture, expand revenue sources'You cannot watch TV without snacking, you cannot watch the match at the stadium without snacking,' says Vina Maphosa.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Intermediate Business Analyst - Gauteng RosebankLooking to take your career as a Business Systems Analyst to the next level? Join our dynamic team for an exciting opportunity as an Intermediate Business Systems Analyst in a hybrid role! You’ll be a crucial part of our organization, working both remotely and in the office, collaborating with cross-functional teams to streamline processes, analyze […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »