The Unemployment Insurance Fund (UIF), which is playing a central role in the government’s bid to financially support workers and the unemployed, may have to sell some of its bond investments if it runs out of funds.

There have been concerns over the ability of the fund to meet the growing demand for benefits amid escalating retrenchments as the Covid-19 lockdown persists...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now