The National Treasury proposal suggests investing the current R88 billion in unclaimed benefits in infrastructure projects like schools and clinics, particularly in communities historically linked to the contributors of these unclaimed assets.

The strategy is notably aimed at addressing the growing issue of unemployment among young South Africans who are not in employment, education, or training (NEETs), by investing in relevant infrastructure projects.

The plan involves establishing a central fund with a governance board to oversee these investments, ensuring they are managed with transparency and accountability. The urgency of this initiative is highlighted given the current financial strains facing government and its need for new funding sources to continue vital youth employment programs.

To implement this, legislation will need to be passed to reallocate these funds, while maintaining the interests of potential beneficiary interests, ensuring that benefit pay-outs will still be provided in perpetuity for any person who emerges with a legitimate claim.  

 

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