Bill to aid retrenched workers gets one step closer

19th May 2016

By: News24Wire

  

Font size: - +

The Unemployment Insurance Act amendment bill is one step closer to becoming a reality after it was passed in the National Assembly on Thursday.

The bill, which was introduced by Labour Minister Mildred Oliphant, was widely supported as a safety net for those who lose their jobs.

Oliphant took the MPs through some of the amendments in the bill.

The new act extends the period during which unemployment insurance is paid out to workers who have lost their jobs from 8 to 12 months.

In addition, unemployment insurance benefits will also apply to learners and civil servants who are undergoing learnership training.

The bill will now be sent to the National Council of Provinces for concurrence.

African National Congress (ANC) MP Fezeka Loliwe said the extended scope of the bill would make it more accessible to workers.

“We understand that currently our economy is bleeding jobs so these amendments will come as a relief to South Africans,” she said.

She and the minister toted the bill as an ANC success story, while the Democratic Alliance said they supported the bill because of the difference it would make in the lives of South Africans.

The party said the bill would allow for the country to be able to tap into the UIF reserve fund to give workers who become unemployed better resources.

All parties supported the bill as progressive.

Edited by News24Wire

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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