By Khanyisa Tabata
30 July 2011
Unemployment Insurance Fund commissioner Boas Seruwe says the fund has posted a nine-billion-Rands surplus, exceeding its target by htree-billion-Rands.
Seruwe also told staff the fund had for the first time posted a clean audit.
He says the increase in the surplus was due to the tightening of enforcement and compliance activity by the Department of Labour, under which the UIF falls. More companies were now beginning to comply with the law.
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