The FSCA said that the party had not been meeting its obligations to make regular retirement contributions for its staff.
JOHANNESBURG - The Financial Sector Conduct Authority has confirmed that the African National Congress owes R86 million in provident fund contributions for over 530 of its staff members.
In a statement released on Wednesday, the regulator said that it had reached an agreement with the fund for the ANC to pay R10 million per month into the fund.The FSCA has confirmed that the #ANC owes R86 million in provident fund contributions for over 530 of its staff members. The regulator says the governing party has not been meeting its obligations to make regular retirement contributions for its staff. pic.twitter.com/3GkDvCVClJ
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
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
Read more »
Financial watchdog says ANC must pay R10m a month to clear staff retirement fund arrears | Fin24South Africa's financial watchdog says it has reached an agreement with a pension fund for ANC employees to get the party to pay it R10 million a month until its arrears are cleared. | Fin24
Read more »
Sizwe Dhlomo says the universe still owes Thandiswa Mazwai more rewards'I feel like the universe still owes Thandiswa Mazwai more rewards for her talents.'
Read more »
PODCAST: Helen Zille on the ANC polling below 40%Zille doesn’t rule out a coalition with the ANC after 2024 even though “the ANC wants to be in government to loot”, she tells Peter Bruce
Read more »