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Highlights of South Africa's Budget Speech 2015

Highlights of South Africa's Budget Speech 2015
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UIF investment portfolio grows to R135bn

Fund launches R5bn initiative with the IDC aimed at job creation and retention. ....

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Claim against the Public Investment Corporation of R1,35 trillion

It has come to my attention that there is a pending court case (Case number 2310/2020, in the matter between Karima Abdual Razak Tayob N.O. in her capacity as executrix of the estate of the late Abdul Razak Tayob Surtie, Edward Jeffrey Koornabanally and Public Investment Corporation Limited, Absa Group Limited) in the Western Cape High Court wherein a massive R1,35 trillion is being claimed for payment from the PIC -which has (amongst others) as its client the GEPF- as well as Absa Group Limited. ....

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