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Bankrupt municipalities loot R1.7 billion in pension funds, and South Africa’s richest city running out of cash - businesstech.co.za
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Misa demands prosecution over unpaid municipal pension contributions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
The Motor Industry Staff Association (Misa) is calling for investigations and the prosecution of municipal officials responsible for pension contributions of workers not being paid into the pension fund. Last week, Finance Minister Enoch Godongwana revealed that municipalities across the country pocketed at least R1.7 billion deducted from salaries of workers as part of their pension contribution. The minister said this meant that workers would …
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