Amended Unemployment Insurance (UIF) Act 7


by lloyd — last modified 2010-09-01 01:31

7. Investment of money of Fund

Unemployment Insurance Act (No. 63 of 2001 ) 
as amended by the 
Amendment - Unemployment Insurance Act

Chapter 2 : Unemployment Insurance Fund

7. Investment of money of Fund

(1)           The money of the Fund other than money required to meet the current expenditure of the Fund may be deposited on behalf of the Fund by the Director-General with the Public Investment Commissioners to be invested in terms of the Public Investment Commissioners Act, 1984 (Act No. 45 of 1984).

(2)           Any profit on investments accrues to the Fund and any loss must be borne by the Fund.​