UIF

2023 - 1 - 3

Post cover — Image courtesy of "Eyewitness News"

Labour minister scraps R5bln UIF stake in Thuja project pending ... (Eyewitness News)

This follows COSATU's concern over authenticity of the company, Thuja Investments which is alleged to have no history of economic activity.

This came after trade union federation Cosatu's concern about the authenticity of the company, Thuja Investments, alleged to have no history of economic activity.

Union calls on Parliament committees to 'do oversight without fear or ... (News24)

Labour union claims UIF and Compensation Fund did not table their 2021/22 annual reports in Parliament amid the "questionable" Thuja Capital R5 billion ...

This will not happen without rooting any semblance corruption in these institutions,” the union said. In November last year, Scopa confirmed in a statement that the two entities did not submit their annual reports, which meant that they were non-compliant with the Public Finance Management Act. The union commended Nxesi for “moving with haste” to suspend the investment.

Thuja Capital: Cosatu again calls for UIF to be placed under ... (Eyewitness News)

At the weekend, Employment and Labour minister Thulas Nxesi announced the suspension of the project following a Sunday Times report.

The fact that there has been resistance from the political principals to take drastic action that is also really troublesome for us”, he said. We have met with the President to ask him to put the UIF under administration." At the weekend, Employment and Labour minister Thulas Nxesi announced the suspension of the project following a Sunday Times

R5bn UIF investment in Thuja Capital withdrawn (eNCA)

JOHANNESBURG - The South African Commercial, Catering and Allied Workers Union has welcomed a decision by government to scrap a R5-billion investment in a ...

Saccawu keeping close eye after Nxesi halts dodgy R5b UIF ... (Jacaranda FM)

The South African Commercial Catering and Allied Workers Union (Saccawu) says it will be keeping a close eye on developments at the Unemployment Insurance ...

Saccawu adds its voice to scrapping of investment to bogus ... (Independent Online)

Joburg - The South African Commercial Catering and Allied Workers Union (Saccawu) has added its voice to the call recently made by Cosatu for the Minister ...

This is a project under the Labour Activation Programme, run by the UIF together with some partners. We will not tolerate its being used as a slush fund for bogus investments by a politically connected elite with no sense of moral bearing,” he said. Has no history of economic activity, let alone experience or expertise in the field of investment,” Pamla said.