Cosatu protests against new tax law in PMB

2016-01-29 18:00


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Durban – Cosatu members protested against a new law affecting their pensions, in Pietermaritzburg, on Friday.

Cosatu provincial secretary Edwin Mkhize said workers were against the sections of the Tax Administration Laws Amendment Act that affected their pensions.

Once implemented, workers would only be allowed to take one-third of their pension savings in cash. The rest of the money had to be used to buy a retirement annuity, which would be paid to them monthly.

Workers gathered outside the Pietermaritzburg City Hall on Friday morning and picketed outside the treasurer’s office.

Mkhize said a large number of workers had resigned because they did not understand the new law. There had been no public hearings and workers were not given an opportunity to state their views, he said.

Read more on:    cosatu  |  pietermaritzburg  |  protests

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Partner Content
What all investors should know about index investing

Index-linked investments are growing fast in popularity globally, and are growing in size and complexity too.

Partner Content
How data is changing investments

Technological disruption is rife in many spheres of business and given the quantity of data available, it’s no surprise that the way in which asset managers work is also changing fast.


7 weirdly awesome pets you can own

If you think it’s too boring to own a cat or a dog, consider getting one of these pets.



Pack theory: fact or fiction?
Perfect dog-walking 1: Why dogs pull on the lead
SA stats: The role of pets in families
The top 6 poisonous foods for your pet
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.