Pension funds no longer safe with ANC government

2015-09-10
Adv Anton Alberts

The noises the ANC is making about pension funds are becoming more ominous, especially seen against the background of the destructive work of Transnet’s two pension funds, Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on the economy says.

Adv. Alberts spoke as follow on the issue during his Member Statement in Parliament today:

“The ANC’s chairperson in Gauteng, Paul Mashatile, recently set the red lights flickering when he said that the ANC in Gauteng would at the party’s national general council meeting in October submit proposals that the party looks at ways to empower workers by directing where and how pension funds should be invested. According to Mashatile it is an attempt to transform South Africa’s economy.

It is unfortunately a fact that the ANC have in the past 21 years transformed South Africa to the brink of an economic abyss. Our economy is at present hovering on the brink of junk status and the trend of entropy one could have noticed for a while already.

What is happening now the FF Plus had predicted a while ago already: The ANC’s money is now finished and pension funds are now being targeted. Transnet pensioners are struggling precisely because somebody else had influence over their pensions as investment experts, i.e. Transnet.

It is becoming clearer that the ANC is nothing other than what a Marxist organisation that, through stealth legislation, is succeeding with that which Mugabe had done openly.

Little by little property rights are being destroyed and redistribution is taking place while government should actually be creating the environment for economic growth and development.

The FF Plus will strongly oppose any interference in South Africa’s pension funds and will even see to it that court action is taken, should it be required. We are saying to the ANC: leave our pensions funds alone!” Adv. Alberts says.

 

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