Calls for UIF to be placed under administration

GAUTENG – Business (Busa) and organised labour (Cosatu) have called for the Unemployment Insurance Fund (UIF) to be placed under immediate administration while its investments are investigated independently as the fund sinks deeper into dysfunction and suspicion of corruption grows. UIF investments, managed by Public Investment Corporation, total roughly R130 billion. However, some workers face delays or receive no benefits when trying to access unemployment or maternity leave funds.