Groundup reports that thousands of former workers in the Western Cape furniture industry are an inch closer to getting paid their long awaited money from the industry’s provident fund, through the Western Cape Surplus Apportionment Scheme.  

Although employees were originally paid out, there was a surplus in the fund.  After a protracted procedural process, the Financial Services Board approved the fund’s surplus payment scheme on 16 February.  According to the principal secretary of the Furniture Industry Provident Fund of the Western Cape, Terry Miles, there are 27,000 former members of the industry, but it’s not clear how many of them are eligible for the approved funds payout.  Miles said the fund was in the region of R60 million.  No date had been set for the payout.

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