ANC owes R86m to staff provident fund - ordered to pay R10m per month | The Citizen

The African National Congress has failed to make regular retirement fund contributions for its staff, which has resulted in the provident fund being R86 million in arrears, according to theIn a statement issued by the FSCA, the financial watchdog said it issued this information on the basis that it was in the interest of the as public, as per the FSCA Act, 2017.

FSCA revealed that the fund has around 535 members. It said after unsuccessfully trying to engage with the party it has since drafted guidelines to recover the amount missing from the fund. It said it had reached an agreement with the fund for the ANC to pay R10 million per month “until the arrear contributions are extinguished”.The FSCA has also suggested that the fund provides monthly reports about the status of the contributions by the ANC.

“The onus on ensuring that there are no arrear contributions, and to consider appropriate action if there are such arrears, remains on the trustees of a fund. Both employers and funds are reminded of the importance of treating their workers and members fairly by honouring their obligations as enshrined in various legislation”, said FSCA Commissioner Unathi Kamlana said.

The ANC has been experiencing cash flow problems for months, with employees often complaining that they have not been paid their salaries on time.for its financial struggles, saying it no longer receives the donations it used to.

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FSCA orders ANC to settle staff provident fund arrearsRuling party must make monthly payments of R10m until the R86m in accumulated contribution arrears are extinguished
Source: BDliveSA - 🏆 12. / 63 Read more »

ANC owes R86m in staff provident fund contributions - FSCAThe FSCA said that the party had not been meeting its obligations to make regular retirement contributions for its staff. What happened? It's fine if they robbing each other These are the people running the country? Break every law and you expect them to UPHOLD YOUR RIGHTS?
Source: ewnupdates - 🏆 30. / 53 Read more »

FSCA orders ANC to settle staff provident fund arrearsRuling party must make monthly payments of R10m until the R86m in accumulated contribution arrears are extinguished 🤡🤡🤡🤡🤡🤡💩💩💩 Do you have any idea on making extra income other than working your ass off like a slave? Working 6 to 9 without getting to spend enough time with your family? Invest now and defeat your financial struggles, invest in Crypto and stocks with the help of Sarah_Elliott5. The ANC is a walking corpse devouring everything in it's way and must be laid to rest ASAP!
Source: BDliveSA - 🏆 12. / 63 Read more »

ANC ordered to pay outstanding pension fund moneyThe Financial Sector Conduct Authority (FSCA) has ordered the ANC to pay R10m monthly into its provident fund until arrear contributions have been cleared. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. They won't pay it & you can't make them!!
Source: eNCA - 🏆 49. / 51 Read more »

ANC ordered to fork out R10m monthly to settle R86m in provident fund arrearsThe Financial Sector Conduct Authority has instructed the ANC to pay R10m a month to its staff provident fund, which is about R86m in arrears. Demon Cyryl Ramaphosa and the ANC fucks their own for a six , how shameful. ANCriminals doing what they do best … Bachelor of Crime Cum Laude If the ANC with a billionaire prez can't run its own affairs ,how the fok do their supporters expect them to run the country successfully. PS : none of the ANC employees were complaining when the Guptas were running the country- which means they were all eating nicely back then.
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ANC ordered to fork out R10m monthly to settle R86m in provident fund arrearsThe Financial Sector Conduct Authority has instructed the ANC to pay R10m a month to its staff provident fund, which is about R86m in arrears. Ziyakhala It's no wonder the ANC cannot run SA effectively. They dont even manage basics EFF is behind this
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