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Matthew Lester: Taxpayer revolution. R90bn UIF surplus to the rescue.

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Following the student protests, which kicked off last week, Matthew Lester is again looking for solutions, and fast. The last thing we want is for this to boil over. He turns his head towards the department of labour and digs into the Unemployment Insurance Fund’s 2014 annual report.

In it he finds an accumulated surplus of R90bn, while investments and cash exceed this.

Surely herein lies the answer and conversely, the more people working, the bigger the UIF contributions will become. Win-win. – Stuart Lowman

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