Posts tagged with 'pensions'

 

#BoycottNews24 Liberal News24 Editor Adriaan Basson Capitulates To ANC / COSATU Plan To Raid Your Pensions To Pay Eskom’s Corruption & Mismanagement & Soweto’s Unpaid Bill!

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One of the reasons left wing liberals are called snowflakes is because it does not take much to make them melt and give up any reason or principle, and like a snowflake hitting the warm ground, the controversial far left wing Editor of News24, Adriaan Basson’s feelings towards “thousands of pensioners whose livelihood depends on the GEPF“, quickly melted and turned into a callous “We have run out of money and options – pensions will bail out Eskom.”  Seems for some reason Adriaan Basson now supports the plan to plunder your pensions!

Far left liberal Adriaan Basson, changed his position on pension capture in little over 2 weeks: On 10 February, just before the budget speech, Basson wrote the following in a News24 column and we quote: ” I do take issue with their opportunistic flirting with a plan that can only be to the detriment of the thousands of pensioners whose livelihood depends on the GEP
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Unclaimed pensions amount to R51 billion – wonder if the money hungry ANC regime will lay a claim on it?

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Workers are often unaware that they have certain pension benefits that must be paid to them upon leaving work.

As a result, unclaimed amounts are already worth billions of Rand, which is estimated to be as much as R4 billion accumulated in two unions.

It seems that a total of more than R40 billion has been raised over the past two to three decades, and no one is helping service-leavers to say they should apply for their pension benefits.

The information was disclosed after an independent entity conducted research and found that no one informed workers about their rights in this regard.

If certain pensions are taken into account outside the Pension Funds Act, then the total accumulated amount is R51 billion that has not been claimed.

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R65m laundered through one of SA’s biggest unions – deceased mine workers pensions plundered by Satawu

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Satawu was used as a conduit to launder about R65million in pensions allegedly plundered from improvished orphans of deceased mine workers.

City Press can today reveal that Bongani Mhlanga, the erstwhile owner of financial services group Mvunonala, allegedly used the SA Transport and Allied Workers’ Union (Satawu) as a conduit to move pension funds into his family’s trust and a company owned by him.

Details of the money laundering web are contained in a hard-hitting set of findings by forensic investigations firm SekelaXabiso Chartered Accountants.

In November 2017 Satawu’s interim task team commissioned the firm to look into the union’s finances for the period January 2012 to May 2015.

This followed the discovery of suspicious transactions which the report says had the hallmarks of “insider trading, money laundering, theft, fraud and corruption”.

In November 2017 Satawu’s central executive committee appointed a task
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