https://www.engineeringnews.co.za

Productivity SA suspends CFO

29th September 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

Productivity SA has suspended CFO Bheki Dlamini following alleged irregularities pertaining to the management of funds provided by the Unemployment Insurance Fund (UIF) for employment growth.

Since 2010, the UIF has provided the government entity, tasked with employment growth and productivity improvement, with R188.1-million in funding, aimed at supporting companies in economic distress.

However, almost R36-million has, since 2011, allegedly been used for activities not related to saving jobs, which resulted in the failure to meet targets. To date, only 372 companies have been assisted, as opposed to the envisaged 550.

“The board has commissioned an investigation to ascertain the extent of the alleged irregularities and to ensure accountability,” Productivity SA chairperson Mthunzi Mdwaba said in a statement on Thursday.

CEO Mothunye Mothiba added that the entity was committed to serving the nation in mitigating issues of unemployment and saving jobs while investigations were under way.

The suspension of the CFO follows the earlier dismissal of a senior employee who, following an investigation initiated by the board, was found guilty of fraud.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

A solar panel being installed
Opinion: A call for clear, uniform solar policy in South Africa
Updated 1 hour 13 minutes ago

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.081 0.143s - 174pq - 2rq
Subscribe Now