UIF could be unable to provide relief in future, MPs told
Auditor-general officials warn that the viability of the Unemployment Insurance Fund is under threat as the Covid-19-induced economic crisis deepens
The Unemployment Insurance Fund (UIF), tasked with providing short-term relief to workers when they become unemployed or are unable to work, is likely to struggle to fulfil its mandate in future as the Covid-19-induced economic crisis deepens, the auditor-general's office told MPs on Tuesday.
Officials, led by deputy auditor-general Tsakani Ratsela, were briefing the select committee on trade and industry, economic development, small business development, tourism, employment and labour on the fund. ..