2 November 2006
The Parliamentary Portfolio Committee on Labour has expressed its
satisfaction at the good progress made by the Department of Labour in
addressing the issues raised by the Auditor-General in the annual reports of
the Department.
This was expressed by members of the committee during the Department's
presentations to the committee in parliament today. The Portfolio Committee was
interrogating the annual reports of the Unemployment Insurance Fund (UIF) and
the Compensation Fund.
The Director-General of the Department, Vanguard Mkosana and his top
management team indicated a number of corrective actions that have been taken
by the Department to correct issues that brought audit qualifications for the
Compensation Fund.
"The upgrade and enhancement of the financial systems has been identified as
the most pressing issue and this is in the process of being effected. The
revenue generation and collection will be automated and this means the update
and verification of the employer database and submission of assessments,"
Mkosana said.
Good corporate management was also identified as critical to the successful
implementation of the turnaround strategy that has been developed for the
Compensation Fund.
Enquiries
Mokgadi Pela
Cell: 082 808 2168
Issued by: Department of Labour
2 November 2006
