National
SAFTU calls for moratorium on pension funds─── 09:17 Mon, 25 Sep 2017
Johannesburg - The South African Federation of Trade Unions, Saftu, has called for a moratorium on government employees' pension funds so they cannot bail out state entities.
SABC reports the Treasury has been accused of pressuring the Public Investment Corporation (PIC) to provide as much as R100 billion to fund struggling state-owned enterprises.
PIC chief executive officer, Daniel Matjila, has reportedly rejected the request.
SAFTU's General-Secretary, Zwelinzima Vavi, says such pressure by the Treasury is unacceptable.
Government needs cash for Eskom, PetroSA, Denel and the SABC. There were also reports at the weekend that SAA chairperson, Dudu Myeni, had asked the PIC for R6 billion to bail out the beleaguered airline.
SABC
