More unions have joined the Congress of South African Trade Unions (Cosatu) in expressing their displeasure with - and possible strike action against - new tax law amendments signed into law by President Jacob Zuma. This means all retirement reforms related to tax harmonisation on retirement contributions and benefits will come into effect on March 1 2016. Cosatu regards the legislation as an offence against all working people, who have their deferred wages to look forward to after … [Read more...] about A declaration of war against the workers
provident
No plans to nationalise pension funds
Government has no intention to nationalise people's pension (or provident) funds, or prevent them from accessing their money, says the Department of Basic Education. This after rumours alleged that government would take away people's hard-earned pensions, and prevent them from accessing their funds. The department says the rumours were based on a misunderstanding of government's proposals. Instead, the department says government has proposed retirement reforms, which will protect … [Read more...] about No plans to nationalise pension funds
