WATCH | ANC ordered to pay outstanding pension fund money

 

JOHANNESBURG - The Financial Sector Conduct Authority (FSCA) has ordered the ANC to pay R10m monthly into its provident fund until arrear contributions have been cleared.

READ: Lindiwe Zulu assures ANC staff their salaries will be paid

It's concluded an enforceable undertaking with the ANC staff provident fund.

This agreement provides the Authority with broad powers aimed at rectifying any breach in the conduct of a regulated entity.

The FSCA found that the ANC failed to make regular retirement fund contributions for employees.

Source
eNCA

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