Pension funds no longer safe with ANC government
10 September 2015
The noises the ANC is making about pension funds are becoming more ominous, especially seen against the background of the destructive work of Transnet’s two pension funds, Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on the economy says.
Adv. Alberts spoke as follow on the issue during his Member Statement in Parliament today:
“The ANC’s chairperson in Gauteng, Paul Mashatile, recently set the red lights flickering when he said that the ANC in Gauteng would at the party’s national general council meeting in October submit proposals that the party looks at ways to empower workers by directing where and how pension funds should be invested. According to Mashatile it is an attempt to transform South Africa’s economy.
It is unfortunately a fact that the ANC have in the past 21 years transformed South Africa to the brink of an economic abyss. Our economy is at present hovering on the brink of junk status and the trend of entropy one could have noticed for a while already.