STATEMENT ISSUED BY GERHARD KOORNHOF, MP
SPOKESPERSON FOR FINANCE
UDM is shocked by the revelation that the Unemployment Insurance Fund is
bankrupt with an accumulated deficit of R122 million, as reported by the Auditor
The UDM calls on the Minister of Labour to urgently implement acceptable
measures to rectify the situation, both on the revenue and expenditure sides of
Furthermore, we call on the Minister of Finance to implement a reliable and
measurable statistical database for levels of unemployment in all production
sectors, updated on a regular basis. Through this measure Government, with the
assistance of the Private Sector, will be empowered to manage and reduce the
levels of unemployment.
An acceptable plan of action to deal with unemployment cannot be based on
inaccurate of non-existent statistics regarding unemployment.
Dr Gerhard Koornhof, MP
16 May 2000