A former Department of Labor employee has been jailed by the Witbank Regional Court for 15 incidents of fraud he was convicted of. The 42-year-old Thokozani Percy Skosana was employed by the Department of Unemployment Insurance Fund’s division, and since 2012 has made several payments to “ghosts” and was able to start the payments with..
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Unemployment Insurance Fund pays more than R63,000 to registered unemployed ‘ghosts’ so one man can benefit from it
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Bantu Holomisa – UDM- accuses Nene of favouring PIC boss
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United Democratic Movement (UDM) leader Bantu Holomisa has accused finance minister Nhlanhla Nene of favouritism after the national treasury announced on Wednesday that it would launch a probe into goings on at the Public Investment Corporation (PIC).
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Government pushes ahead with new pension fund
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Government is pushing ahead with the introduction of a new all-embracing pension fund. But with trust between government and other social partners at an all time low, there are concerns that such a fund could be open to political abuse. The National Social Security Fund will combine all existing pension funds, public and private into..
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Unemployment fund’s assets currently valued at R110bn – Hopefully the government will keep their hands off
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The Unemployment Insurance Fund (UIF) currently has assets valued at R110-billion‚ Labour Minister Mildred Oliphant disclosed on Monday. In a written reply to a parliamentary question by Democratic Alliance labour spokesman Michael Bagraim‚ Oliphant said that while the projected monthly contributions from September 1 2017 to August 31 2018 were expected to total R1.58-million‚ the..
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