Tag: UIF
UIF TERS lifeline ‘hanging on a thread’ while desperate staff run out of oxygen
HOSPITALITY businesses that have barely been able to operate since COVID regulations were implemented in March 2020 are running out of oxygen as they wait for UIF TERS system errors and...
Relieved taxpayers – thanks to higher than expected tax collections
With the National Treasury announcing plans in October 2020 to increase the tax take by R40 billion over the next three years, South African businesses and employees were no doubt cheered...
Will Finance Minister increase monthly UIF contribution limit?
The Temporary Employee/Employer Relief Scheme (TERS) has provided financial relief to South African workers when their employers were unable to pay them, or where employees were required to take compulsory leave...
UIF Fraud: 28 bank accounts frozen as investigation into missing R5.7m continues
The Democratic Alliance said in a statement issued on 21 June that the R5.7 million UIF TERS fund fraud is "probably only the tip of the iceberg".
According to the Democratic Alliance...
Edcon group gets R2.7-billion lifeline
The Unemployment Insurance Fund (UIF), debt holders and landlords have all come to the rescue of the troubled Edcon group — which owns Edgars, Jet and CNA — in a deal that...
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South Africa can become a global hub for making batteries for...
For the country to become a player in the alternative powered vehicle market, it needed to provide clarity on its battery manufacturing plans and...