All data is delayed
Loading...
See More

Businesses warned of UIF scam

Aug 22 2011 14:07
Sapa

Johannesburg - Businesses must beware of a syndicate offering to help them recover unclaimed money from the Unemployment Insurance Fund (UIF), commissioner Boas Seruwe said on Monday.

Forms entitled "UIF-Administrator of Fund" or "Unclaimed Income Fund" were being circulated to businesses offering to help them recover amounts of up to R10 000 from the fund, Seruwe said in a statement.

The forms looked similar to the official form used by employers to declare payment for workers' contributions to the UIF.

The fraudsters asked for a payment of between R149.90 and R194.90 to assist in recovering the UIF money.

"Our services are free and the UIF does not charge its clients to process claims. The Fund does not pay the so-called huge unclaimed amounts," Seruwe said.

The UIF, an entity of the department of labour, pays benefits to employees if they lose their jobs, fall pregnant or are unable to work due to illness.

If workers contributed to the fund, but did not lose their jobs, the fund would not pay back the unclaimed portion of the contribution, Seruwe said.

He said people should call the UIF on 012-337-1680 if they needed more information.

 
uif  |  businesses  |  fraud

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...