There is little faith in the finance minister, Malusi Gigaba, “assurance” that the Public Investment Corporation (PIC) is being pressurized to give money to, among other things, save SAA from final bankruptcy.
SAA is already technically bankrupt and needs billions to survive. As part of their survival strategy, they have already canceled several flights to Africa.
Gigaba said pension funds in the PIC were safe and the money was not compromised.
The FF Plus has stated that they will not let be fooled by Gigaba’s denial.
Adv. FF Plus Anton Alberts said he has learned from sources in the PIC that there is a real attack on Dr. Dan Matjila, the head of the PCC, to force the PIC’s board to place pensioners’ money into hijacked and failing entities like SAA, ESKOM, PetroSA, and others.
“The FF Plus supports Dr. Matjila and its team entirely, and has a legal team in place to act on behalf of the GEPF pensions on the same contingency basis as the Transnet Pensioners legal team.”
“There can be no value attached to the minister’s statements that he has not directed official or unofficial requests to the PIC to use R100bn of their money as a rescue vessel for the entities. The ANC has repeatedly shown that they can not be trusted.”
“The FF Plus will keep a close observation of the situation and will ask the legal team to act if the PIC’s money is in jeopardy,” said adv. Alberts.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
