Mboweni pushing for workers to be allowed to access retirement funds

Finance Minister Tito Mboweni says workers should be allowed to access a portion of their retirement funds. He says he is pushing for the matter to be finalised. But, he warns the money taken out must be used responsibly. Courtesy #DStv403

JOHANNESBURG - Finance Minister Tito Mboweni says workers should be allowed to access a portion of their retirement funds.

He says he is pushing for the matter to be finalised, but he warns the money taken out must be used responsibly.

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"There is a matter which seems to be stuck somewhere in the system it has to do with making allowance for workers to have access to a percentage of retirement funds in this time of difficulty," Mboweni said.

"It is a matter that has been discussed at Nedlac ad nauseam and I am now determined more than ever before to ensure that officials at the National Treasury and other relevant officials speed up this matter.

"A portion of their retirement funds, workers should be able to access, to finish off bond repayment whatever debt they are in ... I must warn that it must be used for purposes of relief and making better their own situation."

Source
eNCA

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