South Africa: Media Statement - Committee Tells Compensation Fund to Turn Its Financial Management Around to Stop Disclaimer Audit Opinions

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The Portfolio Committee on Employment and Labour today met with the Department of Labour and two of its entities, the Compensation Fund (CF) and the Unemployment Insurance Fund (UIF) on matters of concern raised by the Auditor-General (AG) about the entities.

The committee raised serious concerns about the CF for obtaining disclaimer audit opinions for 10 years, and called for an urgent turnaround at the entity. "You can't have 10 years of disclaimers, there is something fundamentally wrong. This whole mess that the Compensation Fund finds itself in talks more about the capacity of the leadership," said committee Chairperson, Ms Lindelwa Dunjwa.

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