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Minister cancels R5bn UIF investment in untested scheme

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After last week’s revelation by the Sunday Times that the UIF intended to invest the money in Thuja Capital Fund, Thulas Nxesi this week intervened and stopped the deal pending an explanation from his director-general Thobile Lamati.

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They will attribute these shenanigans to the so called 9 wasted years,they will say its not happening now, it happened then.Ostrich tendencies.Corruption was not in President Zuma's time only,it's happening now,worse infact,it happened ka apartheid,ka Presidents Mandela le Mbeki

Those who have full time employment will now qualify after 4 years for UIF pity for those working short terms because it will take them longer than 4 years to accumulate required points

These thieves will never stop because they are not arrested.

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Minister cancels R5bn UIF investment in untested schemeTwo days after the Unemployment Insurance Fund (UIF) and its owner, the department of employment and labour, defended their decision to invest R5bn into an untested job-creation project, minister Thulas Nxesi has stepped in and pulled the plug. There they start with the CORRUPTION again! The letter: Dear Minister Allow the deal to pass. There is a reshuffle coming. It will be cold outside the ANC. Especially for naais that won't be able to find work. Regards Thobile Shame- Lamoti’s pension plan goes up in smoke ….
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Minister cancels R5bn UIF investment in untested schemeTwo days after the Unemployment Insurance Fund (UIF) and its owner, the department of employment and labour, defended their decision to invest R5bn into an untested job-creation project, minister Thulas Nxesi has stepped in and pulled the plug. There they start with the CORRUPTION again! The letter: Dear Minister Allow the deal to pass. There is a reshuffle coming. It will be cold outside the ANC. Especially for naais that won't be able to find work. Regards Thobile Shame- Lamoti’s pension plan goes up in smoke ….
Source: SundayTimesZA - 🏆 47. / 51 Read more »