The Financial Sector Conduct Authority has instructed the ANC to pay R10m a month to its staff provident fund, which is about R86m in arrears.
reported that ANC staff members, who were struggling to make ends meet after not being paid for months, had embarked on a go-slow and threatened to interdict the party’s recent national policy conference at Nasrec.
Some have lost their policies, while others have died waiting for management to tackle their issues, particularly the provident fund, a benefit that must be paid to their families. Furthermore, the party is to “report monthly to the FSCA on the status of the arrear contributions and the employer’s adherence to its obligations as per the agreement with the fund and provide monthly updates to members of the fund on the status of the arrear contributions”.
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