On 26 November 2020, several media houses published a story of Asset Forfeiture Unit (AFU) having frozen R111m from the bank account of one Thabo Simbini, a businessman from Hammanskraal, for his alleged fraudulent claims from the scheme designed to provide financial relief to employers and employees adversely impacted by covid-19.
Simbini is alleged to have claimed for more than six thousand employees from the Temporary Employer/ Employee Relief Scheme (TERS) when he was the only employee in his business, Impossible Services (Pty) Ltd. We take comfort in the knowledge that AFU’s action shows Simbini will be held accountable for his deeds, but such fraudulent submissions should not have initially succeeded.
We know government is inefficient, but basic reference checks could have flagged the claim as fraudulent even when using antiquated technological solutions. Lesson for us all, even small businesses, is to never relent in keeping records even if on a simple spreadsheet. Of all man-made innovations, spreadsheets should count among the best things since sliced bread. By Nimroth Gwetsa, 30 November 2020. Continue reading