Business Report writes that a group of Transnet pensioners scored a significant victory when the North Gauteng High Court in Pretoria dismissed the bulk of Transnet’s exceptions to their multibillion-rand claim against the company and two of its retirement funds.  

The judgment is part of an ongoing legal battle between the state-owned logistics company and about 60,000 ex-workers who have instituted a class action lawsuit, now estimated at more than R80 billion.  Last week’s decision increases the chances of the matter going to court for a hearing.  The pensioners are suing the Transport Pension Fund and Transnet Second Defined Benefit Fund and have cited Transnet as the third defendant.  Their legal team now has 14 days within which to amend their information on those aspects in respect of which the court upheld Transnet and the funds’ objections.

• Read this report by Siseko Njobeni in full at Business Report
• See too, Transnet-klasaksie stap vorentoe, at Netwerk24

Get other news reports at the SA Labour News home page