EMPLOYMENT GROWTH
UIF rescues Productivity SA from dire straits once again
The Unemployment Insurance Fund (UIF) has stepped in to rescue Productivity SA once again, after the labour department agency failed to pay service providers for its turnaround solutions programme for more than seven months. The UIF gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption leave or illness. It is the biggest financial contributor to Productivity SA. Productivity SA was established in 2014 with a mandate to promote employment growth and productivity, thereby contributing to SA’s socio-economic development and competitiveness. The entity is managed under the Public Finance Management Act.
The UIF, which had withheld its conditional grant to the agency after funds were not used for the turnaround solutions programme as allocated, paid R6.4m to Productivity SA in June to settle its debts to the service providers. Productivity SA is likely to be mentioned among the government’s job retention tools during thi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.