The Financial Sector Conduct Authority (FSCA) has confirmed that the African National Congress (ANC) owes R86 million in provident fund contributions for over 530 of its staff members.
The FSCA said that the party had not been meeting its obligations to make regular retirement contributions for its staff.
In a statement released on Wednesday, the regulator said that it had reached an agreement with the fund for the ANC to pay R10 million per month into the fund.
This comes as the governing party has been struggling for some time to pay its staff their salaries.
-EWN
In other news – ‘Open a case against ‘abusive’ Somizi or keep quiet’ – Mohale told
South African poet, Ntsiki Mazwai is known for never missing an opportunity to tell it like it is and no celebrity is off limits. For weeks now, the country has been invested in Somizi Mhlongo and Mohale Motaung’s divorce and the content which came out of it.
Just when Mohale’s tell-all interview on Showmax called Mohale: On The Record aired, we thought that was it from the Somhale duo. Learn More