Cosatu welcomes Mboweni's proposal on retirement fund access

File: The Congress of South African Trade Unions (Cosatu) says it’s not abandoning the ANC yet. AFP/Stephane de Sakutin

JOHANNESBURG - Cosatu has welcomed Finance Minister Tito Mboweni's proposal that will allow South Africans to access a portion of their retirement funds.

The trade union federation says this will benefit workers who have been particularly hard hit by the COVID-19 pandemic.

READ: Mboweni pushing for workers to be allowed to access retirement funds

On Wednesday Mboweni said workers should be allowed to access a portion of their retirement funds.

He said he is pushing for the matter to be finalised but he warned that the money taken out should be used responsibly.

Source
eNCA

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