Minister Gordhan indicates that class action settlement for Transnet pensioners is being considered

16 May 2018

Yesterday during the Budget Vote Debate of the Department of Public Enterprises, Minister Pravin Gordhan responded to the FF Plus’s statement about a possible settlement in the Transnet pensioners’ class action against Transnet and the government, by confirming that the government is indeed considering a settlement.

He added that the legal teams of the two parties must meet with one another so that they can reach an agreement regarding a possible settlement amount.

The FF Plus considers the Minister’s statements to be positive and a step in the right direction.

The party hopes that a fair settlement will be reached soon for the sake of the approximately 40 000 pensioners who have suffered years of poverty and misery due to the fact that the money in their pension fund was looted.

Issued by Anton Alberts, FF Plus chairperson and parliamentary spokesperson: Transport, 16 May 2018