mylesillidge
Journalist
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- Jul 29, 2021
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Employment minister pulls plug on R5 billion investment in unproven scheme
Employment and labour minister Thulas Nxesi has pulled the plug on a R5 billion Unemployment Insurance Fund (UIF) investment in Thuja Capital Fund, Times Live reports.
This comes after the publication discovered that the department and UIF planned to invest in Thuja Capital Fund despite the company having no premises, website, or track record.
Employment and labour minister Thulas Nxesi has pulled the plug on a R5 billion Unemployment Insurance Fund (UIF) investment in Thuja Capital Fund, Times Live reports.
This comes after the publication discovered that the department and UIF planned to invest in Thuja Capital Fund despite the company having no premises, website, or track record.