UIF to be put under administration? That’s what big business wants

. According to their website, BUSA was formed 20 years ago and represents a “unified organisation for business in South Africa.” It has 35 organisational members and boasts the largest GDP and employment contributor in the country. And it says the UIF to be put under administration. But why?is a social security endowment generated from a payroll tax that provides unemployment and maternity benefits to workers.

It’s goal was to digitise manual processes and make lives easier, but it has instead been widely criticised for its faults.BUSA continued, “Failure to address the systemic issues, including alleged corruption, will result in increased frustration among employers and employees and in greater financial losses that could impact the sustainability of the fund.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business sounds the alarm over 'dysfuctional' UIFBusa wants the UIF to be placed under administration
Source: Fin24 - 🏆 21. / 63 Read more »

Business and workers want the UIF to be placed under administrationCosatu wants the UIF must be placed under administration and has also called for the Special Investigations Unit (SIU) to conduct a comprehensive forensic audit of all UIF investments.
Source: City_Press - 🏆 7. / 72 Read more »

Anger mounts over UIF chaos as business, labour call for crackdownAnger mounts over UIF chaos as business, labour call for crackdown
Source: City_Press - 🏆 7. / 72 Read more »