Welcome to Study Room, where you can ask questions and receive answers from other members of the community.
0 like 0 dislike
1.3k views
in Grade 12 by

Unemployment Insurance Fund benefits 

1 Answer

0 like 0 dislike
by Master (810k points)

Hello

Unemployment Insurance Fund (UIF) 

  • The UIF provides benefits (such as unemployment, maternity, etc.) to workers who have been working and become unemployed for various reasons, so the business is not solely responsible to make provision in this regard.
  • Businesses only contribute 1% (of a total of 2%) towards UIF, therefore reducing the expenses of providing UIF benefits themselves.
  • Affordable contributions may make it possible for businesses to appoint substitute workers in some instances.
  • As the UIF also pays out to dependants of deceased contributors, the business cannot be held responsible in this regard.
No registration is required in order to post/ask, comment and or answer any question on this forum. Please note this website was created to help learners discuss their school work with other learners and teacher from anywhere around South Africa for free. Why Free? We generate our revenue through adverts to keep the forum running 24/7

1.5k questions

559 answers

92 comments

255 users

Welcome to Study Room, where you can ask questions and receive answers from other members of the community. Members/Users are also allowed to answer any questions or add comments. If you think a certain answer is wrong or slightly incorrect' please use the comment button below the answer to add your suggestion.

Let's see how smart you are Click/Touch Here To help other students on their questions

...