Department of Employment and Labour
The Unemployment Insurance Fund has introduced new and more stringent controls to verify banking details for the payment of the Covid-19 Temporary Employer/Employee Relief Scheme (TERS).
In a statement, the employment and labour department confirmed that the controls are designed to ensure that TERS does “not fall prey to criminal elements as has happened…”.
The department pointed out that approximately R30 billion has been paid to 6 789 695 workers from 539 953 employers since April 2020.
On 14 July 2020, R295-million was paid out from 1824 employers benefitting 76 078 workers.
“As part of the new control measures, the Fund has also introduced a new rule to the system that requires applicants to insert either the Enterprise number (CK/CIPC) or the ID number of the bank account holder in the TERS Online portal, in order to further verify banking details against
the authorized claimant.”
The UIF Commissioner, Teboho Maruping, indicated that an upfront account verification and validation prior to payment will increase turnaround time by two days but it was necessary to ensure that fraud at company level is eliminated and reduced as far as possible.
The department confirmed that direct payments to employees have not been affected by the new measures.