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Unemployment Insurance Act, 2001 (Act No. 63 of 2001)

Chapter 2 : Unemployment Insurance Fund

7. Investment of money of Fund

 

(1) The money of the Fund other than money required to meet the current expenditure of the Fund may be deposited on behalf of the Fund by the Director-General with the Public Investment Corporation to be invested in accordance with the Public Investment Corporation Act, 2004 (Act No. 23 of 2004), and any other applicable legislation.

[Section 7(1) substituted by section 3 of Notice No. 35, GG 40557, dated 19 January 2017 (Unemployment Insurance Amendment Act, 2016)]

 

(2) Any profit on investments accrues to the Fund and any loss must be borne by the Fund