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.
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.