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UIF Appoints New Finance Chief

by lloyd last modified 2008-05-16 17:13

Minister of Labour, Membathisi Mdladlana, has announced the appointment of Mr. Lodewyk Ferreira as Chief Financial Officer (CFO) of the UIF

Released by The Department of Labour on 16 January 2008

Minister of Labour, Membathisi Mdladlana, has announced the appointment of Mr. Lodewyk Ferreira as Chief Financial Officer (CFO) of the Unemployment Insurance Fund (UIF) with effect from the 1st of January 2008.

 

“One of his important portfolios will be to manage the more than R25 billion financial assets of the UIF,” the Minister said.

 

Ferreira was one of the four Executive Managers appointed by the Minister in 2004 to help salvage the fund which was performing dismally at the time.

 

Armed with a B Com Accounting degree from the University of Pretoria and a Certificate in Investment Management from the University of South Africa in 2006, Ferreira is also a member of the South African Institute of Professional Accountants (SAIPA), the South African Institute of Chartered Accountants (SAICA) as well as the Institute of Directors in South Africa (IOD)

 

He boasts 22 years of working experience, 15 years in the private sector as Internal Auditor, Financial and Commercial Manager and Managing Director (Iscor Balaton PTY (LTD)) mainly in the Iscor LTD group of companies.

 

The seven years Public sector experience was mainly as Internal Auditor and Internal Audit consultant to the Department of Land Affairs and the last 3 years with UIF.

Minister Mdladlana said Ferreira has contributed immensely to the financial successes of the Fund over the past two financial years in which the Fund received unqualified Audit Reports from the Auditor General.

 

“It is important for us to build on the incredible success that the UIF has achieved over the past few years in line with our Mission to render an effective and accessible service to all stakeholders, and administering the Fund professionally,” the Minister said.  

 

Commenting on his appointment, Ferreira said he felt greatly honoured by the appointment and pledged a committed service to the Department of Labour, the UIF, and the clients of the UIF.

 

Ferreira takes over from former CFO, Boas Seruwe, who is now Unemployment Insurance Commissioner.

 

Enquiries: Name Kgomotso Sebetso
Telephone 073 2699 870
Email kgomotso.sebetso@labour.gov.za





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