Limpopo govt promises to get to bottom of missing GNT pension money - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Pension News

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The alleged financial mismanagement has affected over 800 current and former workers.

The Limpopo government has promised to take action against officials involved in the alleged mismanagement of over R300 million pension funds at the government-owned bus company, Great North Transport .

The committee comprises of representatives from Office of the Premier, Great North Transport, Treasury Department, and the affected retirees and current workers. It’s expected to identify officials responsible for the missing workers pension funds and also to bring resolutions on how to pay the pension funds.

Video: ‘Great Pension Heist’ – Limpopo Treasury responds to missing R300 million in employee pension funds “The government paid R2 million to launch a forensic report but when you want them to implement the report, they are nowhere to be found,” another affected worker says.

 

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