The Unemployment Insurance Fund (UIF) says public governance responsibilities are best achieved through continued engagement, constructive dialogue and institutional processes through which evidence is considered and policy positions are refined in the interest of the public. Withdrawal from these forums limits opportunities to influence governance outcomes, it states in response to business organisation Business Unity South Africa’s (Busa’s) withdrawal of its representative from the UIF board of directors and UIF-related structures at the National Economic Development and Labour Council (Nedlac).

BUSA has withdrawn from the Unemployment Insurance Fund’s governance structures at Nedlac, saying six years of attempts to reform the fund have failed.

Business Unity South Africa withdraws from UIF structures at Nedlac, while Cosatu describes the fund as ‘a disaster’