Presidency, Cosatu in bid to resolve tax law impasse
7 January 2016
Durban – Minister in the Presidency Jeff Radebe has held talks with Cosatu leaders in an attempt to discuss the labour federation's unhappiness with the Taxation Laws Amendment Act.
“Both government and Cosatu agreed that a solution should be expedited to resolve the impasse," Radebe's department said in a statement after the meeting on Saturday.
“In this regard, the Presidency is working with relevant government departments to find the quickest possible legal route to resolving the issues. It was also agreed that the affected parties should be given enough time to discuss the matter with a view to reaching consensus.”
From March 1, workers who had contributed to provident funds would no longer be able to cash in their entire retirement savings on resignation.