Unemployment Insurance Fund (UIF) The UIF is mandated to alleviate poverty by providing effective short-term unemployment insurance to all workers who qualify for unemployment and related benefits, as legislated in the Unemployment Insurance Act of 2001. Over the medium term, the fund aimed to focus on providing social insurance benefits and improving coverage to vulnerable … Read more
Tax administration National Treasury is responsible for advising the Minister of Finance on tax policy issues.As part of this role, National Treasury must design tax instruments that can optimally fulfil a revenue-raising function.These tax instruments must be aligned to the goals of government’s economic and social policy. These instruments are then administered by SARS. A … Read more
Public Finance Management Controls in South Africa play a critical role in ensuring transparency, accountability, and efficiency in the use of public resources. These controls are essential to safeguard taxpayer money and to promote sound governance within national and provincial departments. This regulatory framework is clearly defined in the Public Finance Management Act (PFMA) of 1999, which … Read more