Question NW3884 to the Minister of Employment and Labour
13 December 2023 - NW3884
Nolutshungu, Ms N to ask the Minister of Employment and Labour
What (a) is the (i) total number of persons who are contributing towards the Unemployment Insurance Fund and (ii) average amount that the specified persons contribute on a monthly basis and (b) total amount does his department collect from the (i) employees and (ii) employers on a monthly basis?
Reply:
(i) 10 247 739 persons are contributing to the Unemployment Insurance Fund
(II) Average amount that the specified persons contribute on a monthly basis R 185.12 per month
(i) Total amount the Unemployment Insurance Fund collect from the employee’s average is R 1,003,043,006.29
(ii) The total amount collected from employer’s monthly average is R 1, 003, 043, 006.29
Note: both employer and employee contribute 1% each, which makes a total of 2% towards the Fund.