Why the Compensation Fund says this turnaround will work
The Compensation Fund has ring-fenced R17m over three to six years for a training programme that will underpin its turnaround strategy. The programme, which will be implemented in collaboration with the South African Institute of Chartered Accountants, was launched on Friday by Labour Minister Mildred Oliphant. One hundred students will be enrolled in 2017-18 to study medicine, medical orthotics and prosthetics, nursing, occupational therapy and actuarial science. Oliphant noted that the Compensation Fund was a specialised environment that required specialised skills to fulfil its core mandate. The fund, which provides compensation for workers injured or made sick at work, has been plagued by inefficiencies. The huge backlogs in the payment of claims has left claimants destitute, and medical practitioners and hospitals unpaid for services rendered. The fund faces numerous legal actions. A former chief financial officer of the Unemployment Insurance Fund, Vuyo Mafata, was brought in ...
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