Friday, April 10, 2015

Cosatu welcomes extension on consultation regarding UIF

Lusanda Bill
10 April 2015

The Congress of South African Trade Union has welcomed the extension of consultations on the Unemployment Insurance Fund contribution holiday.

Cosatu Industrial Policy Coordinator Jonas Mosia said one of the objections they had was that workers and employers contribute equally into the UIF and therefore they must be consulted when changes are made to the fund.

Mosia said we want a serious engagement as we did during the global financial crisis. We agreed that UIF must load IDC some money so that there could be investment in job creating initiatives, and indeed more than 20 000 jobs were created.

“We want to at least use this opportunity to engage seriously at Nedlac so that is why we welcome the extension by the Minister of Finance for the consultation period” Mosia added.   



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