Minister must account to Parliament on dodgy R5 billion UIF deal
10 October 2023
The DA has written to the chairperson of the Portfolio Committee on Employment and Labour, Lindelwa Dunja, requesting that Minister Thulas Nxesi appear before the committee. This is so that he can account for the dodgy R5 billion ‘job creation’ deal between the Thuja Capital Fund and the Unemployment Insurance Fund (UIF) which was signed and later scuppered.
Without completing due diligence, and against the advice of their own adjudication structures, the Department of Employment and Labour (DEL) and UIF had planned to invest billions of Rands of workers’ hard-earned money into Thuja, ostensibly to create thousands of jobs and market linkages, and to broaden supply chains.
This was clearly a mad-hatter’s scheme from the very start, designed to make a few Departmental insiders very wealthy.
Thuja is a company with no premises, no website and no track record, owned by Mthunzi Mdwaba (the former chairperson of DEL entity Productivity SA) – someone who, given the entity’s mandate, had an evident conflict of interest.