UNEMPLOYMENT INSURANCE FUND 1

Annual Report of the Unemployment Insurance Fundfor the year ended 31 March 2009.

Publisher: Department of Labour Chief Directorate of Communication

Private Bag X117 Pretoria 0001

Editing: Photography and Distribution: UIF Communications and Marketing Layout, Design and Printing : Shereno Printers

RP: 82/2009ISBN: 978-0-62138604-2

ANNUAL REPORT 20092

Acting Director-General of Labour

Minister of Labour

Honorable Minister of Labour

It is my privilege to submit to you the annual report on the activities of the Unemployment Insurance Fund (UIF) for the year 2008/09. As required by section 11 (3) of the Unemployment Insurance Act, 2001, the report includes the statement of � nancial position as well as the statement of � nancial performance for the year ended 31 March 2009. It also contains the Auditor-General’s report in terms of the Public Finance Management Act, No. 1 of 1999.

Minister MMS Mdladlana, MP

S Morotoba

UNEMPLOYMENT INSURANCE FUND 3UNEMN PLOYMENT INSURANCE FUND 3

Standing from left to rightG Strauss, B Maduna, N Vermeulen, J Jacobs, B Seruwe, S Gangca, J Mahlangu

Seated from left to rightC Bothe’, S Zondeki, A Moiloa, L Kganyago, M Nkosi

The Unemployment Insurance Board.

T B Seruwe

Unemployment Insurance Commissioner

ANNUAL REPORT 20094

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UNEMPLOYMENT INSURANCE FUND 5

Mandate, vision, mission .........................................................................................7

Chapter OneCommissioner’s Report...................................................................................9

Chapter Two Report of the Non Executive Board...................................................................12

Chapter ThreeAudit Committee Report.................................................................................14 Chapter FourThe Report of the Actuary of Unemployment Insurance Fund...................................17

Chapter FiveProgramme Performance.................................................................................18

Chapter SixHuman Resources Management.......................................................................21

Chapter SevenRisk Management ........................................................................................29

Chapter EightOperations .................................................................................................32

Chapter NineInformation and Communication Technology .....................................................44

Chapter TenCommunication and Marketing .................................................................... 46

Chapter ElevenFinance .....................................................................................................48

Chapter Twelve Annual Financial Statements............................................................................51

CON

TENTS:

ANNUAL REPORT 20096

UNEMPLOYMENT INSURANCE FUND 7

MandateThe Unemployment Insurance Fund (UIF) was established in terms of section 4(1) of the Unemployment Insurance Act, 2001 (Act 63 of 2001) as amended. The Act empowers the UIF to register all employers and employees in South Africa. The Unemployment Contributions Act, 2002 (Act 4 of 2002) empowers the SARS Commissioner to collect monthly contributions from both employers and workers. Section 9 of the Unemployment Contributions Act, empowers the Unemployment Insurance Commissioner to collect contributions from all those employers who are not required to register as employers in terms of the fourth schedule to the Income Tax Act and who are not liable for the payment of the skills development levy in terms of the Skills Development Act, 1999 (Act 9 of 1999.) These contributions are utilised to pay bene� ts and any other expenditure reasonably incurred relating to the application of this Act.

VisionThe Unemployment Insurance Fund strives to contribute to the alleviation of poverty in South Africa by providing effective short-term unemployment insurance to all workers who qualify for unemployment and related bene� ts.

MissionRendering an effective and accessible service to all stakeholders.Being a sustainable organisation with suf� cient reserves.Administering the Fund professionally.

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