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SowetanLive reports that security firms, retailers, municipalities, a church and a renowned fashion designer are among thousands of employers exposed for not paying over pension fund contributions for their workers.
The Financial Sector Conduct Authority recently released the names of more than 3,000 employers who had ailed to make pension contributions for periods of between four months and 21 years. Collectively they owe about R7bn to retirement funds. The arrears owed by employers have an impact on how much pension the workers receive when they retire or change jobs. The City of Ekurhuleni and Vhembe municipality in Limpopo are listed to have not paid pension contributions for its councillors in eight years. Chubb Guarding is listed as not having paid for 21 years, while the Central Methodist church is four months in arrears. Fashion designer David Tlale has not paid in 18 months, while branches of retail giants Spar and Pick n Pay are listed as not having paid for eight months to four years. Tlale explained that his business was still recovering from Covid-19 lockdown and he had been avoiding retrenching his 28 staff members. He said he was currently making payment plans with the pension fund office.
- Read the full original of the report in the above regard by Lindile Sifile & Mpho Sibanyoni at SowetanLive
Get other news reports at the SA Labour News home page