TLU SA stands up against ransacking of pensions by government
14 June 2019
TLU SA is extremely concerned over opinions on public forums where government officials are advocating for South Africa’s pension capital to be invested in so-called fixed assets.
It is a fact that South Africa’s reserves, as well as tax-paying residents’ capacity to fund the irresponsible and reckless wasting of money by government and municipalities, are exhausted.
The only two assets left to loot are land and pensions. We are all aware of the situation regarding land. The writing is now also on the wall for South Africa’s pensions.
“We cannot just stand idly by and allow our members’ hard-earned pensions, accumulated over decades, to be thrown into the bottomless pit called Eskom, SAA, PRASA, Denel and others,” says Kobus Oberholster, Head of TLU SA’s Financial Wellness Desk.