Hawks probe Eastern Cape municipality for R2.2 billion in unpaid pension fund contributions

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Police Minister confirms that the Dr Beyers Naude municipality is under investigation for failing to pay employee contributions to the fund

Graham laid charges in December 2020 after former finance minister Tito Mboweni indicated that 25 municipalities had deducted nearly R3 billion in employee contributions to pension funds.Newly-appointed Finance Minister Enoch Godongwana recently said that the National Treasury had written to the municipality in Graaff-Reinet early in October 2020 to pay the outstanding debt.

“National Treasury is aware that by 15 December 2020, the municipality did not follow through on its commitment to settle all the outstanding amounts, but has made a number of payments since January 2021, including current and outstanding debt. The principal officer of the pension fund was also required to bring the non-compliance to the attention of the affected members, and advise the Financial Sector Conduct Authority of action taken.

“The powers of the National Treasury are very limited in following up on non-payment by municipalities, and can only intervene via a province in terms of section 139 of the constitution,” he said.

 

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If you municipal guys see a big black BMW followed by a lot of smaller BMW ‘s wave . It’s your pension driving past.

You get the ANC that you vote for VoteDA

That money will never bee seen again by any of those employees.

Eastern Cape keeps taking the cup yooihhhhh. Mabuyane really deserves and Oscar

All these comrades are going to retire broke and alone!

That money is gone!

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