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Plans of employment and labour minister to draw on the surplus funds in the Unemployment Insurance Fund

In recent media reports, it was stated that employment and labour minister Thulas Nxesi has plans to draw on so-called surplus funds in the Unemployment Insurance Fund (UIF) and the Compensation Fund for job creation projects. Apparently a proposed spend of R15-billion before the end of the financial year in March 2024 to create 2-million jobs is on the cards.

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