Newsmaker
Trying to save the UIF from itself
D-Day looms this week for the agency with an unenviable reputation and which is dismissive of private-sector help
26 April 2020 - 00:06
Robert Legh, who chairs the Business for SA (B4SA) work group on labour, says he’s concerned the Unemployment Insurance Fund (UIF) may not be able to pay the R60bn employee wage support promised by President Cyril Ramaphosa this week because of possible funding and technical constraints.
“UIF funding seems to me to be pretty opaque,” says Legh, who is also the chair of Bowmans, one of SA’s largest corporate law firms. “It shouldn’t be because it’s basically sitting on a pile of money. But what that actual pile of money is, is quite hard to divine.”..
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.