Today's Labour News

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transnetlogo thumb100 BusinessLive reports that the Freedom Front Plus (FF Plus) said on Tuesday that it was encouraged by Public Enterprises Minister Pravin Gordhan’s response to its question on the plight of thousands of Transnet pensioners.  

The estimated 40‚000 pensioners achieved victory at the Constitutional Court in April when the court granted permission for their class-action suit to recover billions owed to them by the Transport Pension Fund‚ the Transnet Second Defined Benefit Fund and Transnet.  The FF Plus had asked Gordhan to discuss a possible settlement of the class action by the pensioners‚ following the Constitutional Court judgment.  Speaking during the Department of Public Enterprises’ budget vote‚ Gordhan said Transnet appeared willing to settle‚ but added that the matter was still with the courts.  He went on to comment:  "But I think what’s blocking the two sides from getting together is possibly an extravagant evaluation of what pensioners are entitled to, as opposed to what might really be the case.  If all of us can encourage a realistic amount in this particular case‚ we are quite willing to bring parties together and see how we can deal with this particular story."  The pensioners had calculated that the debt owed stood at R80bn by March 2013.

Read the press statement from the FF Plus at Politicsweb


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