Nxesi says overhaul of UIF and Compensation Fund a ‘massive’ undertaking
Restructuring outlined in PwC report will require an increase in expenditure and in the department of employment and labour’s budget, minister Thulas Nxesi says
07 February 2024 - 14:08
The “massive” process of unbundling the Compensation Fund and Unemployment Insurance Fund (UIF) and their modernisation and restructuring will require an increase in expenditure and in the department’s budget, employment and labour minister Thulas Nxesi told MPs this week.
The restructuring of the two funds, based on based on a PwC report published in September last year, envisages upgrading the IT systems, organisational restructuring, employing suitably skilled staff, retraining, improving service delivery, and a change in the work culture...
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