The UIF has hired auditors to investigate companies over TERS

The UIF has hired auditors to investigate companies over TERS

- The UIF has decided to make use of auditors to probe if the money for TERS fell into the right hands

- TERS was started when Covid-19 hit South Africa in order to curb the economic effects of the virus

- Problems began when a number of people said they did not receive the money that they were promised

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Due to the Coronavirus pandemic in South Africa, a number of companies received the Covid-19 Temporary Employer-Employee Relief Scheme (TERS) during the lockdown. The UIF has decided to probe these companies in order to figure out if what the companies received was given to the rightful people.

TERS was started earlier in the year to combat the economic effects of Covid-19. Its purpose was to protect both the employers and employees of South Africa.

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However, trouble began when a number of people complained to the UIF about not getting the funds they were promised.

The UIF has hired auditors to investigate companies over TERS
The UIF has hired auditors to investigate companies over TERS. Source: Photo by Nardus Engelbrecht/Gallo Images
Source: Getty Images

Director-General of the UIF, Makhosonke Buthelezi has given a stern warning that the companies who decided to use the money for themselves will be facing the consequences.

“We have appointed a team of auditors who will carry out this work throughout the country. These seven companies have expertise in auditing, accounting and forensic investigations," said Buthelezi.

Buthelezi said that the UIF has sent letters to everyone who has applied for TERS. They will then set up appointments to meet the companies and if they do not agree to do so, they will face legal proceedings.

In other news, Briefly.co.za reported that a man shared his tax woes and frustration with the ANC. A local man shared his tax woes with his Twitter followers and many felt that they could relate in more ways than one. Sipho Mbanjwa shared that at one time he was working three jobs but all his extra cash went to SARS.

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Sipho went on to say that the harder he worked the more money was taxed. He said people are taxed "only for the ANC to loot all that money." His tweet struck a nerve with many South African tweeps.

A lot of tweeps shared their stories about being taxed more the harder they work and blamed the ANC for alleged corruption.

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Source: Briefly.co.za

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