UIF won't 'name and shame' companies that defrauded Ters scheme

The fund told parliament’s public finance watchdog, the standing committee on public accounts [Scopa] on Tuesday that it is acting on legal advice not to share the details of companies that submitted illegal claims.

He said R14bn was confirmed as correctly paid to deserving employees. As a result of this exercise the fund had R3.2bn paid back into its accounts by the auditors, he said. He said the scheme remained vulnerable and as of August 23, it had about R230m exposed to potential fraud. The National Prosecuting Authority's Asset Forfeiture Unit was able to preserve R133m and R123m of the R133m had already been paid back to the UIF, he said.MPs had previously asked about naming and shaming the implicated companies.

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UIF Doesn't this mean covering up companies which committed frauds? It would be advisable to me and shame them particularly for such occurrence. Your take?

Then our investigative journalists will have no other option but to name and shame them on the UIF's behalf. Who's first?

Guess what. Those are big white owned companies

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Why? Because it doesn’t fit a particular narrative of who they should be and who they actually are, from a racial perspective? The greed that follows BBBEE as well as improper conduct, is what it is…reality. So, don’t avoid the inevitable, GovernmentZA. Just be transparent.

Kick backs at play

All BEE that’s why.

They must name

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UIF conceals companies that stole millions in Ters fundsThe 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. So they are saying that they will protect people who have broken the law? Red flag, is the a prominent politician involved? Southy is a movie. Name them. We deserve to know. This is interesting,protecting certain individuals perhaps?
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