By Levy Masiteng
The Congress of SA Trade Unions has demanded transparency and accountability from the Unemployment Insurance Fund (UIF) regarding a controversial R807 million bailout to Siyanda-Bakgatla Platinum Mine (SBM), despite the company being deemed solvent.
This follows Employment and Labour Makhosazana Meth ordering an investigation into the SBM scheme in March after the company allegedly received the first payment of R67 million in February.
“But now it appears that while the public was awaiting the outcome of the investigation, the company was paid a further R61 million in May,” Cosatu said on Tuesday.
“The slight drop in the payment was attributed to some of the workers having been retrenched. Two other payments of R61 million were then effected in June and July.”
The federation wants to know the outcome of the investigation, calling on Meth to share the report with the public and table it at the National
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