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.”

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now