The economic crisis of South Africa caused the ANC government is now getting so bad and the ANC are grasping at straws to survive and are now going to target pensions in a futile attempt to try get out of the hole they dug.
South Africa does not have a strong enough economy to take this kind of risk with other peoples money and this will eventually lead to workers loosing their retirement funds and ending up in abject poverty.
Experts point out that a new law has been tabled that contains a hidden clause that enables the government to lay its hand on the pension money.
It is said that the risk of those who have to survive during retirement, and whose money is not abroad, is now being tested to the limit.
Economists warn that any possible assurances the ANC government may offer on the safety of their hard-earned money have no value in light of the unreliable record built up over the past 20 years.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News