Business Insider SA reports that the Unemployment Insurance Fund (UIF) has appointed seven auditing and forensic firms to "follow the money" for all Covid-19 Ters payments.
“Companies that received money through the Covid-19 Temporary Employer-Employee Relief Scheme (Covid-19 Ters) can expect a knock on their doors from forensic auditors that will be examining their financial records to check the authenticity of their claims and verify if the money was paid over to workers,” the UIF indicated in a statement. Some employers have already been arrested for fraudulent claims, and bank accounts have been frozen and assets seized. If companies were found to have cheated the system, they would be made to account through the legal processes, UIF acting commissioner Marsha Bronkhorst warned. The Covid-19 Ters Relief Scheme was established to assist employees who lost income during the lockdown periods. Since March 2020, just over R54 billion was paid to more than one million employers.
- Read the full original of the report in the above regard at Business Insider SA
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