Cosatu has submitted an urgent request to Finance Minister Tito Mboweni to allow workers to access a portion of their retirement funds.
The trade union federation says this can be used as an income replacement for its members.
The union body’s request is contained in a formal letter sent to the minister.
Cosatu says many of its members aren’t receiving an income due to the lockdown and accessing this money is critical to their wellbeing.
It says the relief can be limited to no more than the equivalent of six months’ pay.
COSATU files urgent request for a Treasury Directive to allow Special Emergency #COVID19 access to Retirement Fund withdrawal benefits for workers @TreasuryRSA @Fin24 @busrep @BUSINESS @cnbcafrica @Newzroom405 @Powerfm987 @Radio2000ZA @eNCA @ewnupdates @SA_Labour_News @SAfmRadio pic.twitter.com/z5wFmeF9PJ
— @COSATU Today (@_cosatu) May 24, 2020
In other news – Lerato Kganyago’s ex-hubby Thami Ndlala fights another ex-Girlfriend
Metro FM presenter Lerato Kganyago’s estranged hubby Thami Ndlala has been caught between the law and a hard place. This as he wrestles with ex-girlfriend, Nokulunga Shabangu, over assets.
In the legal tug-of-war that unfolded in November in the Randburg Magistrates Court, north of Jozi, Nokulunga (25) was granted a court order to reclaim her belongings at their then love nest in Fourways, north of Jozi after their romantic relationship had soured. continue reading
Source: eNCA
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