Implementation of Geneva Conventions Act, 2012
R 385
Unemployment Insurance Act, 2001 (Act No. 63 of 2001)Chapter 2 : Unemployment Insurance Fund7. 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 |
