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eNCA·3 min read·medium

'Municipalities pocketing R1.7bn of workers pensions' - Godongwana

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'Municipalities pocketing R1.7bn of workers pensions' - Godongwana
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South African Finance Minister Enoch Godongwana announced that 69 municipalities have had funding withheld for failing to pay over R1.7 billion in employee pension contributions. The Treasury is taking this action to enforce financial accountability and address systemic mismanagement of public funds.

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JOHANNESBURG - Finance Minister Enoch Godongwana said municipalities are deducting more than R1.7 billion from workers' salaries, but the money never reaches their pension funds.

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