Bill to aid retrenched workers gets one step closer

Cape Town – The Unemployment Insurance Act amendment bill is one step closer to becoming a reality after it was passed in the National Assembly on Thursday.

The bill, which was introduced by Labour Minister Mildred Oliphant, was widely supported as a safety net for those who lose their jobs.

Oliphant took the MPs through some of the amendments in the bill.

The new act extends the period during which unemployment insurance is paid out to workers who have lost their jobs from 8 to 12 months. 
 
In addition, unemployment insurance benefits will also apply to learners and civil servants who are undergoing learnership training. 
 
The bill will now be sent to the National Council of Provinces for concurrence. 

ANC MP Fezeka Loliwe said the extended scope of the bill would make it more accessible to workers.

“We understand that currently our economy is bleeding jobs so these amendments will come as a relief to South Africans,” she said.

She and the minister toted the bill as an ANC success story, while the Democratic Alliance said they supported the bill because of the difference it would make in the lives of South Africans.

The party said the bill would allow for the country to be able to tap into the UIF reserve fund to give workers who become unemployed better resources.

All parties supported the bill as progressive.


ZAR/USD
16.80
(-0.14)
ZAR/GBP
20.99
(+0.55)
ZAR/EUR
19.11
(-0.17)
ZAR/AUD
11.67
(-0.04)
ZAR/JPY
0.16
(+0.13)
Gold
1799.10
(-0.12)
Silver
19.04
(-0.22)
Platinum
820.00
(-0.84)
Brent Crude
42.17
(-1.20)
Palladium
1980.50
(+1.04)
All Share
55107.74
(-1.94)
Top 40
50848.65
(-1.98)
Financial 15
10461.38
(-2.27)
Industrial 25
75228.49
(-2.19)
Resource 10
52512.98
(-1.53)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 2052 votes
I am taking a hit, but should be able to recover in the next year
23% - 2667 votes
My finances have been devastated
35% - 4003 votes
It's still too early to know what the full effect will be
25% - 2869 votes
Vote