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Union Cosatu In Favour of Mandatory Pension, but Has Reservations

SOUTH AFRICA
  • Union Cosatu in favour of mandatory 8-12% pension system, but says it has reservations with some of the proposals being "unworkable" for the federation
  • The social development green paper is current out for comment, but even Govt has acknowledged that, if poorly implemented or designed, the policy could have negative consequences for the economy and future generations
  • SA's poor track record with SOE management is also a major concern among many
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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