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BusinessLive reports that there has been scant improvement in the financial management of the Compensation Fund with the auditor-general having to issue a disclaimer on the 2018/19 financial statements because of a lack of sufficient evidence to provide a basis for an audit opinion.
The fund, which pays compensation for disablement of workers caused by occupational injuries or diseases sustained or contracted in the course of work, or for death resulting from such injuries or diseases, is funded by a levy paid by employers. It has been plagued by inefficiencies and maladministration for years with medical practitioners and hospitals complaining about the backlogs and lengthy delays in payments. Compensation Fund commissioner Vuyo Mafata is driving a turnaround strategy at the entity but the fruits have not yet been forthcoming in terms of a favourable audit opinion. A key element of the turnaround strategy is to split the core business of the fund into three divisions, namely compensation for Occupational Injuries and Diseases Act services, medical benefits and rehabilitation services.
- Read the full original of the report in the above regard by Linda Ensor at BusinessLive
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