UIF: Huge growth in collections

2008-07-20 00:00

THE Unemployment Insurance Fund (UIF) said yesterday that it had collected a staggering amount of R27 823 billion by the end of March this year.

Labour Minister Membathisi Mdladlana made the announcement in Pretoria on Friday at a meeting of 70 leaders of his department; the chair of the Labour portfolio committee, Rebecca Kasienyane; and the chair of the select committee on Labour and Public Enterprises, Prescilla Themba. “This figure shows a massive growth from the R7,031 billion reported in April 2004. When I came in 1998, the fund was technically bankrupt,” he said.

During the period April 2004 and March 2008, over 2,2 million beneficiaries were paid UIF benefits of R11,02 billion, said Mdladlana.

He said the number of employees registered on the UIF database stands at 7 392 493. “This is almost half the number of working people in South Africa. This is the information you don’t get anywhere,” he said.

The minister said the number of employers on the UIF database is 1 166 467. Mdladlana added that the long queues associated with signing of the UIF register and collection of payment benefits have been eliminated since the introduction of the electronic payment system. He said claims centres have increased from 14 in 2004 to 57 in 2008.

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