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BDLive reports that Productivity SA chief financial officer Bheki Dlamini has been suspended following allegations of irregularities in the management of funds provided by the Unemployment Insurance Fund (UIF) for employment growth.
Productivity SA is a government entity tasked with growing employment and improving productivity. The UIF has since 2010 provided it with funding to the tune of R188.2m to support companies in economic distress in order to turn them around and help save jobs. However, a figure of some R36m has since 2011 been allegedly utilised for activities that are not related to job saving as per the contract between the UIF and Productivity SA.
- Read this report by Ntsakisi Maswanganyi in full at BDLive
Get other news reports at the SA Labour News home page