- The crisis at the UIF seems to be deepening as it has been revealed that a retired bus driver was paid millions in Covid-19 TERS money
- The 65-year old Hammanskraal man thought the money was payment from his years of contribution to the fund and started spending the money immediately
- The UIF was able to recover R4.6 million after the man began spending what he thought was his hard-earned cash
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The Unemployment Insurance Fund (UIF) keeps going from one crisis to another during this lockdown period.
A retired bus driver reportedly received R4.7 million in Covid-19 relief funds meant for 1 000 of his former colleagues.
The 65-year-old man from Hammanskraal, north of Pretoria retired from Unitrans last December. The retired bus driver was shocked when the staggering amount landed in his bank account.
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Workers who have been put on leave, have been laid off temporarily or whose employers can’t afford to pay their full salaries due to the pandemic are entitled to Covid-19 Temporary Employer/Employee Relief Scheme (TERS) payouts.
UIF, which administers payments for the Covid-19 relief fund to employers on behalf of their employees during the Covid-19 pandemic, failed to explain how the money ended up in the wrong account when it was intended to be paid to a company.
The Hammanskraal pensioner, whose identity is withheld, thought the payment was for his decades-long contributions to the UIF fund during his working years, reported Sowetan Live.
The money was deposited into his bank account on 25 April as part of the Covid-19 TERS payment for major bus operator Mega Coach, owned by Unitrans.
The seemingly hard-working bus driver did not hesitate to start spending the money he thought he was due for all his labour over the years. When the deposit was picked up, the pensioner had already spent R100 000 of it.
UIF tracked the retired bus driver down and was able to recover R4.6 million. Spokesperson Makhosonke Buthelezi refused to say how they recovered the money and why a criminal case was not opened with the police.
In another UIF case, the Asset Forfeiture Unit (AFU) is currently investigating fraud and money laundering after R5.7 million meant for 200 employees was deposited into the account of one man, Tshepong Phohole.
Phohole allegedly moved the money to several of his associates and 28 accounts have since been frozen, said BusinessTech.
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